Property tax: exemptions; property tax exemption for certain utility personal property; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 4788'25
Impact
The bill establishes a process wherein owners of qualified replacement infrastructure must apply for exemptions via their local assessing units. This application process requires submissions by March 1 of each year, and local units, in coordination with the Department of Treasury, have 60 days to assess and determine eligibility. The requirement for a detailed report identifying the replaced infrastructure, its condition, and the safety enhancements from the replacements aims to maintain transparency and accountability within the utility sector while facilitating compliance with the new tax exemption regulations.
Summary
House Bill 4787 aims to amend the General Property Tax Act by adding a provision for tax exemptions related to qualified replacement electric distribution infrastructure. This bill stipulates that beginning with taxes levied after December 31, 2025, such infrastructure will be exempt from general property taxes, which is a significant change in how utilities are taxed in Michigan. The intent behind this amendment is to encourage the replacement of aging and depreciated electric distribution systems with more modern, reliable alternatives by alleviating some of the tax burdens on utility companies engaged in these infrastructure improvements.
Contention
There are notable points of contention surrounding the implications of passing HB4787. Proponents argue that this bill could lead to improved reliability and safety in electric distribution, as utilities are encouraged to replace outdated infrastructure. Conversely, critics may express concern that such tax exemptions could lead to decreased local revenue for municipalities that depend on property taxes for funding essential services. Additionally, some may worry about the criteria used for determining qualified infrastructure and whether it fairly benefits all utility providers or disproportionately advantages larger corporations at the expense of smaller, local companies.
Property tax: exemptions; property tax exemption for principal residence of certain senior citizens; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy.
Property tax: senior citizens; property tax exemption for certain senior citizens; provide for. Amends 1893 PA 206 (MCL 211.1. - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 4372'25
Property tax: exemptions; property tax exemption from certain school-related millages if the property's owner has no children attending public schools in this state; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 5377'25, HB 5378'25, HB 5379'25
Property tax: other; reduction in property tax for in-home child care providers; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy.
Property tax: exemptions; personal property constituting certain hydrogen fuel pumps; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 9q. TIE BAR WITH: HB 4112'25
Property tax: exemptions; exemption from state education tax for certain residential property and certain agricultural property; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9q. TIE BAR WITH: HB 4373'25
Property tax: exemptions; general property tax act; reflect repeal of data center tax exemptions. Amends sec. 7ff of 1893 PA 206 (MCL 211.7ff). TIE BAR WITH: HB 5396'25, HB 5397'25
A bill for an act related to using electric transmission and distribution easements held by electric cooperatives for broadband service, and including effective date provisions.
Including aboveground and belowground lines, cables and wires in the definition of a critical infrastructure facility used for telecommunications or video services for the crimes of trespassing on a critical infrastructure facility and criminal damage to a critical infrastructure facility.