SENATE BILL NO. 431 March 11, 1999, Introduced by Senators BULLARD, BENNETT, YOUNG, HAMMERSTROM and 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 9a. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 SEC. 9A. (1) ONE THOUSAND DOLLARS OF THE AGGREGATE TAXABLE 2 VALUE OF THE PERSONAL PROPERTY IDENTIFIED IN A STATEMENT REQUIRED 3 UNDER SECTION 18 IS EXEMPT FROM THE COLLECTION OF TAXES UNDER 4 THIS ACT. 5 (2) IF THE AGGREGATE TAXABLE VALUE OF THE PERSONAL PROPERTY 6 IDENTIFIED IN A STATEMENT REQUIRED UNDER SECTION 18 IS LESS THAN 7 OR EQUAL TO $1,000.00, ALL OF THE PERSONAL PROPERTY IDENTIFIED IN 8 THAT STATEMENT IS EXEMPT FROM THE COLLECTION OF TAXES UNDER THIS 9 ACT. 02425'99 Final page. FDD