A bill to provide for the exemption of certain property from certain taxes; to levy and collect a specific tax on the owners of certain property; to provide for the disposition of the tax; to prescribe the powers and duties of certain state and local governmental officers and entities; and to provide penalties.
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
