CHARITABLE ORG. RESIDENCE - S.B. 801 (S-1): FLOOR ANALYSIS

Senate Bill 801 (Substitute S-1 as reported)

Sponsor: Senator John J. H. Schwarz, M.D.

Committee: Finance


CONTENT


The bill would amend the General Property Tax Act to exempt from the tax real or personal property owned by a nonprofit charitable institution that was occupied and used by the institution's chief executive officer, as his or her principal residence as a condition of employment. The property would have to be contiguous to real property that contained the nonprofit charitable institution's principal place of business.


MCL 211.7o - Legislative Analyst: G. Towne


FISCAL IMPACT


The bill would minimally reduce property tax revenue for the State and the City of Battle Creek.


Date Completed: 3-14-00 - Fiscal Analyst: R. RossFloor\sb801 - Bill Analysis @ http://www.state.mi.us/sfa

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.