Introduced
by
To increase the state school property tax rate for 2003 to 5.5 mills, instead of 5.0 mills. In 2002, the payment date for the six-mill state school property tax was permanently changed to July for all taxpayers, and lowered to five-mills for 2003 only to compensate for the accelerated expense to taxpayers. This bill would leave in place the accelerated payment, but cut in half the compensating one-year rate reduction. See 2002 <a href="http://www.michiganvotes.org/2002-SB-1165">Senate Bill 1165</a> for more details on the one-year discount and permanent date-change bill.
Referred to the Committee on Tax Policy
