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2021 House Bill 5506: Revise business personal property tax exemption reporting requirement

Public Act 157 of 2021

Introduced by Rep. Jim Ellison D-Royal Oak on November 2, 2021
To revise reporting, process and eligibility details for businesses with personal property tax exemptions. This applies to a tax on business tools and equipment, and House Bills 5502 to 5506 amend different elements of the tax so as to eventually replace it with a similar tax called the "Eligible Manufacturing Personal Property (EMPP) tax exemption.   Official Text and Analysis.
Referred to the House Tax Policy Committee on November 2, 2021
Reported in the House on November 10, 2021
Without amendment and with the recommendation that the bill pass.
Received in the Senate on December 7, 2021
Referred to the Senate Finance Committee on December 7, 2021
Reported in the Senate on December 9, 2021
With the recommendation that the bill pass.
Signed by Gov. Gretchen Whitmer on December 23, 2021