TAX LIMITATION: EFFECTIVE DATE - H.B. 5092: COMMITTEE SUMMARY
House Bill 5092 (as passed by the House)
Sponsor: Representative Rick Brown
House Committee: Commerce
Senate Committee: Finance
Date Completed: 10-23-01
CONTENT
The bill would amend the Property Tax Limitation Act to provide that in 2001 only, for a property tax limitation election held by a county on August 7, 2001, the adopted limitations would be effective in 2001.
Under the Act, a county can hold an election in which the electors vote on tax limitations (millages) for the county and its townships and intermediate school districts. If an election is held on April 1 or before, an adopted limitation is effective for that calendar year; in an election held after April 1, an adopted limitation is effective in the next calendar year.
MCL 211.205i - Legislative Analyst: G. Towne
FISCAL IMPACT
The bill would have no fiscal impact on the State.
The bill would increase revenues for Baraga County by approximately $330,000 in FY 2001-02.
- Fiscal Analyst: D. ZinS0102\s5092sa
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.