Introduced by Sen. Wayne Schmidt R-Traverse City on November 10, 2015
To prohibit revenue collected by a "judgment levy" property tax from being “captured” by a government entity funded by a “tax increment financing” scheme. Judgment levies are property taxes imposed on property owners in a particular school district or municipality that has lost or settled a big lawsuit. Official Text and Analysis.
Referred to the Senate Judiciary Committee on November 10, 2015