UNDEVELOPABLE PROPERTY
House Bill 4030
Sponsor: Rep. Stephen Ehardt
Committee: Tax Policy
Complete to 10-12-99
A SUMMARY OF HOUSE BILL 4030 AS INTRODUCED 1-26-99
The bill would amend the General Property Tax Act to exempt from taxation the following property:
- - Property for which a permit for use or development had been denied under Part 303 of the Natural Resources and Environmental Protection Act (wetland protection);
- - Property determined by the director of the Department of Environmental Quality (DEQ) or a designee to be a wetland in a written determination under Part 303;
- - Property that had been designated as a wetland in a final inventory under Part 303;
- - Property designated as undevelopable or unusable by the owner under any federal statute.
The DEQ director would be required to annually reimburse any local governmental unit for revenue lost as a result of any of the exemptions listed above.
MCL 211.7gg
Analyst: C. Couch