HB-4321, As Passed House, March 19, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 4321

 

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.