Introduced by Sen. Wayne Schmidt R-Traverse City on February 3, 2016
To specify that the property tax (“assessment”) that the Detroit Regional Transit Authority may collect under a 2012 law may be for up to two mills but not more, which would reportedly extract an additional $300 million annually from Macomb, Oakland, Washtenaw, and Wayne County property owners. Also, to exempt this tax from being skimmed by a “tax capture” authority’s tax increment finance scheme (for example a downtown development authority). Official Text and Analysis.
Referred to the Senate Transportation Committee on February 3, 2016
Reported in the Senate on February 23, 2016
With the recommendation that the bill pass.
Amendment offered by Sen. Rebekah Warren D-Ann Arbor on May 10, 2016
To allow up to 4 mills in property tax to be imposed on metro area property owners by this entity, rather than the two mills proposed by the bill.