SENATE BILL NO. 341
February 23, 1999, Introduced by Senator STEIL and referred to the Committee on Finance. A bill to amend 1893 PA 206, entitled "The general property tax act," (MCL 211.1 to 211.157) by adding section 7gg. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 SEC. 7GG. (1) REAL PROPERTY THAT IS LEASED TO A LOCAL 2 SCHOOL DISTRICT OR INTERMEDIATE SCHOOL DISTRICT OR THAT WILL BE 3 LEASED TO A LOCAL SCHOOL DISTRICT OR INTERMEDIATE SCHOOL DISTRICT 4 WHEN RENOVATED IS EXEMPT FROM THE COLLECTION OF TAXES UNDER THIS 5 ACT IF ALL OF THE FOLLOWING CONDITIONS ARE SATISFIED: 6 (A) THE REAL PROPERTY WAS OWNED BY THE LOCAL SCHOOL DISTRICT 7 OR THE INTERMEDIATE SCHOOL DISTRICT TO WHICH IT IS OR WILL BE 8 LEASED AND WAS EXEMPT FROM THE COLLECTION OF TAXES UNDER THIS ACT 9 PURSUANT TO SECTION 7M IN THE YEAR IMMEDIATELY PRECEDING THE 10 FIRST YEAR IN WHICH AN EXEMPTION IS CLAIMED UNDER THIS SECTION. 01443'99 FDD 2 1 (B) IF THE REAL PROPERTY WILL BE LEASED TO A LOCAL SCHOOL 2 DISTRICT OR INTERMEDIATE SCHOOL DISTRICT WHEN RENOVATED, THERE IS 3 A WRITTEN AGREEMENT BETWEEN THE LOCAL SCHOOL DISTRICT OR INTERME- 4 DIATE SCHOOL DISTRICT AND THE OWNER OF THE REAL PROPERTY CONFIRM- 5 ING THE ANTICIPATED LEASE. 6 (2) AS USED IN THIS SECTION: 7 (A) "INTERMEDIATE SCHOOL DISTRICT" MEANS THAT TERM AS 8 DEFINED IN SECTION 4 OF THE REVISED SCHOOL CODE, 1976 PA 451, MCL 9 380.4. 10 (B) "LOCAL SCHOOL DISTRICT" MEANS THAT TERM AS DEFINED IN 11 SECTION 6 OF THE REVISED SCHOOL CODE, 1976 PA 451, MCL 380.6. 12 LOCAL SCHOOL DISTRICT DOES NOT INCLUDE A PUBLIC SCHOOL ACADEMY 13 ORGANIZED UNDER PART 6A OF THE REVISED SCHOOL CODE, 1976 PA 451, 14 MCL 380.501 TO 380.507. 01443'99 Final page. FDD