TAX REVERSION RESPONSIBILITY - H.B. 4712 (H-1): COMMITTEE SUMMARY
House Bills 4712 (Substitute H-1 as passed by the House)
Sponsor: Representative Julie Dennis
House Committee: Local Government and Urban Policy
First Senate Committee: Economic Development, International Trade and Regulatory Affairs
Second Senate Committee: Government Operations
Date Completed: 5-1-02
CONTENT
The bill would amend Section 124 of the General Property Tax Act to remove the Auditor General's responsibilities in regard to the tax reversion process. (Public Act 123 of 1999 created a new tax reversion process governing the forfeiture, foreclosure, and sale of property that is delinquent for nonpayment of taxes levied on or after January 1, 1999. The "old" process applies with respect to taxes levied before 1999. The old process is being phased out under the provisions of Public Act 123 and will expire fully on December 31, 2003.)
Section 124 of the General Property Tax Act requires the Auditor General to perform all the duties in relation to taxes levied, assessed, collected, returned as delinquent, and sold as required by the Act. The bill, instead, would require the Department of Treasury to perform all such duties as required by Section 60 (under which the "old" tax reversion process applies for taxes levied before 1999). The bill states that Section 124 would apply only to taxes levied before 1999 and property offered for sale pursuant to Section 60. Effective December 31, 2003, the bill would repeal Section 124 and several other sections that pertain to the old tax reversion process.
MCL 211.124 - Legislative Analyst: George Towne
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
- Fiscal Analyst: David ZinFloor\hb4712 - Bill Analysis @ http://www.senate.state.mi.us/sfa
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.