HB-4321, As Passed House, March 19, 2013
February 26, 2013, Introduced by Reps. McBroom, LaFontaine, Victory, Goike, Foster, Pettalia, Rendon and Potvin and referred to the Committee on Natural Resources.
A bill to amend 2006 PA 379, entitled
"Qualified forest property recapture tax act,"
by amending section 5 (MCL 211.1035).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 5. (1) The recapture tax shall be collected by the
treasurer.
(2) The assessor of the local tax collecting unit shall notify
the treasurer of the date the property is converted by a change in
use.
(3) The treasurer shall credit the proceeds of the recapture
tax collected under this act as follows:
(a) Before January 1, 2014, to the general fund of this state.
(b) After December 31, 2013, to the private forestland
enhancement fund created in section 51305 of the natural resources
and environmental protection act, 1994 PA 451, MCL 324.51305.