An act to amend 2003 PA 258, entitled “An act to provide for the creation of land bank fast track authorities to assist governmental entities in the assembly and clearance of title to property in a coordinated manner; to facilitate the use and development of certain property; to promote economic growth; to prescribe the powers and duties of certain authorities; to provide for the creation and appointment of boards to govern land bank fast track authorities and to prescribe their powers and duties; to authorize the acquisition, maintenance, and disposal of interests in real and personal property; to authorize the conveyance of certain properties to a land bank fast track authority; to authorize the enforcement of tax liens and the clearing or quieting of title by a land bank fast track authority; to provide for the distribution and use of revenues collected or received by a land bank fast track authority; to prescribe powers and duties of certain public entities and state and local officers and agencies; to authorize the transfer and acceptance of property in lieu of taxes and the release of tax liens; to exempt property, income, and operations of a land bank fast track authority from tax; to extend protections against certain liabilities to a land bank fast track authority; and to repeal acts and parts of acts,” by amending sections 4, 13, and 14 (MCL 124.754, 124.763, and 124.764).
House Bill 4675 would amend the Land Bank Fast Track Act to specify that the property and income of a land bank authority is exempt from all taxes, special assessments, and user fees levied by the state or a local government. Currently, the act provides that land bank authorities are exempt from all taxation by state and local governments. The bill would apply to all taxes, special assessments and user fees levied on or after its effective date, and would not prevent an authority from contracting with a local government for services. If an authority or its tenant enters into an express contract for services from a local government, a user fee could be charged for those services. Local governments would be prohibited from providing services to an authority or its tenant unless an express contract is entered into.
Introduced
by
Referred to the Committee on Local Government and Municipal Finance
Referred to the Committee on Tax Policy
Reported with substitute H-1
Substitute H-1 concurred in by voice vote
Substitute H-2 offered
by
The substitute passed by voice vote
Passed in the House 58 to 49 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Finance, Insurance, and Consumer Protection
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Motion to discharge from committee
by
The motion prevailed by voice vote
Referred to the Committee of the Whole
Motion to reconsider substitute
by
The motion prevailed by voice vote
The substitute not concurred in by voice vote
Passed in the Senate 20 to 18 (details)
