HB-5786, As Passed House, April 29, 2010

SUBSTITUTE FOR

HOUSE BILL NO. 5786

     A bill to amend 1893 PA 206, entitled

"The general property tax act,"

(MCL 211.1 to 211.155) by adding section 7mm.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 7mm. Beginning December 31, 2009, real and personal

property of a charitable nonprofit housing organization that is

used for a retail store operated by that charitable nonprofit

housing organization and that is engaged exclusively in the sale of

donated items suitable for residential housing purposes, the

proceeds of which are used for the purposes of the charitable

nonprofit housing organization, is exempt from the collection of

taxes levied under this act. As used in this section:

     (a) "Charitable nonprofit housing organization" means an

organization that is not operated for profit and that is exempt

from federal income tax under section 501(c)(3) of the internal

revenue code, 26 USC 501, the primary purpose of which is the

construction or renovation of residential housing for conveyance to

a low-income person.

     (b) "Family income" and "statewide median gross income" mean

those terms as defined in section 11 of the state housing

development authority act of 1966, 1966 PA 346, MCL 125.1411.

     (c) "Low-income person" means a person with a family income of

not more than 60% of the statewide median gross income who is

eligible to participate in the charitable nonprofit housing

organization's program based on criteria established by the

charitable nonprofit housing organization.