A bill to amend 1893 PA 206, entitled “The general property tax act,” (MCL 211.1 to 211.155) by adding section 7yy.
House Bill No. 4787 and 4788 exempts qualified replacement electric distribution infrastructure from property taxes, subjecting it instead to a specific tax and annual reporting requirements, to encourage modernization and improved reliability of Michigan's electric grid while ensuring continued local government revenue.
Co-sponsored by Reps.
Referred to the Committee on Government Operations
Discharged from committee
Referred to the Committee on Energy