CHARITABLE ORG. RESIDENCE - S.B. 801: COMMITTEE SUMMARY
Senate Bill 801 (as introduced 10-13-99)
Sponsor: Senator John J. H. Schwarz, M.D.
Committee: Finance
Date Completed: 3-14-00
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.
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.
- Fiscal Analyst: R. RossS9900\s801sa
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.