October 31, 2007, Introduced by Rep. Gillard and referred to the Committee on Tax Policy.
A bill to amend 1993 PA 331, entitled
"State education tax act,"
by amending section 3 (MCL 211.903), as amended by 2007 PA 38.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
3. (1) Beginning in 1994, except Except as otherwise
provided
in subsections subsection (2), and (3) , there is levied a
state education tax on all property not exempt by law from ad
valorem property taxes or not subject to a tax under 1905 PA 282,
MCL 207.1 to 207.21, at a rate of 6 mills.
(2)
In 2003 only, there is levied a state education tax on all
property
not exempt by law from ad valorem property taxes or not
subject
to a tax under 1905 PA 282, MCL 207.1 to 207.21, at the
rate
of 5 mills.
(2) (3)
For taxes levied after December 31, 2007,
personal
property classified under section 34c of the general property tax
act, 1893 PA 206, MCL 211.34c, as industrial personal property is
exempt from the tax levied under this act.