Municipal Finance Archives - Page 29 of 32

May 14, 2012

New EVIP, Public Act 152 Forms Now Available; Deadline is June 1

The Michigan Department of Treasury now has new Economic Vitality Incentive Program (EVIP) forms/instructions available on their website for communities that would like to certify for the third phase of EVIP by complying with Public Act 152. Click here to view…

May 10, 2012

Senate Makes Significant Changes to Personal Property Tax Bills, League Responds With Neutral Position

LANSING, Michigan - Today (May 10, 2012), the Michigan Senate made significant changes to SBs 1065-1072, the package of bills which exempt significant portions of personal property taxes. The League participated in many negotiations with key Senate Republicans and other local government…

May 8, 2012

House Tax Policy Committee Takes Up Two Assessment Notification/Error Bills

This Wednesday, the House Tax Policy Committee is taking up HBs 4860 and 4861. HB 4860 increases penalties for failure to notify the assessing office of a transfer of ownership. The League is in support of this bill. HB 4861…

May 8, 2012

Treasury Puts Out Info Regarding Changes to Principal Residence Exemption

Last week, the Department of Treasury put out information regarding the new law, PA 114 of 2012, which makes changes to the Principal Residence Exemption. The law was SB 349 and it creates an addition filing deadline and creates a conditional…

May 8, 2012

Senate Considers Voting on Personal Property Tax Package This Week

LANSING, Michigan - The Michigan Senate has listed the eight-bill package to repeal a significant portion of the personal property tax (SBs 1065-1072) on their agenda this week as tentative. There are many discussions that have been taking place over…

May 8, 2012

House Passes Bill to Increase Tribunal Interest Rates

Last week, the House of Representatives passed HB 5340, sponsored by Rep. Gilbert (R - Algonac). The bill would increase the interest rate paid on properties from Tax Tribunal judgments. The new interest rate from July 1, 2012 forward would be…

May 8, 2012

House Committee Passes Veterna’s Tax Exemption Bill With Amendment

Last week, the House Tax Policy Committee passed HB 5457, sponsored by Rep. Heise (R - Plymouth), a bill which, in is original form, would exempt all property (real and personal) owned by any veteran's service organization. However, the bill was…

May 1, 2012

EVIP Current Year Changes Now Law

HB 5189, which extended the deadline for the current year EVIP 3rd category and provided a second path to obtaining those funds for locals, was signed into law this morning. So, those changes are now official as Public Act 107…

May 1, 2012

Senate Committee Passes Personal Property Tax Elimination BIlls on Party Line Vote

LANSING, Michigan - This morning (May 1, 2012), the Michigan Senate Finance committee voted 5-2, along party line votes, to pass SBs 1065-1072, the package of bills which eliminates significant portions of the personal property tax (PPT).The bills exempt all…

April 26, 2012

Legislature Adds Additional Opportunity to Qualify for EVIP 3rd Category This Year and Extends Deadline!

LANSING, Michigan - The Michigan Legislature Thursday evening (April 26, 2012) made some significant changes to the EVIP/Statutory Revenue Sharing process.The Legislature passed House Bill 5189, a supplemental appropriations bill, which extends the deadline for the 3rd category of EVIP/Statutory Revenue…

Inside208

Category Archives: Municipal Finance

1355

New EVIP, Public Act 152 Forms Now Available; Deadline is June 1

Senate Makes Significant Changes to Personal Property Tax Bills, League Responds With Neutral Position

House Tax Policy Committee Takes Up Two Assessment Notification/Error Bills

Treasury Puts Out Info Regarding Changes to Principal Residence Exemption

Senate Considers Voting on Personal Property Tax Package This Week

House Passes Bill to Increase Tribunal Interest Rates

House Committee Passes Veterna’s Tax Exemption Bill With Amendment

EVIP Current Year Changes Now Law

Senate Committee Passes Personal Property Tax Elimination BIlls on Party Line Vote

Legislature Adds Additional Opportunity to Qualify for EVIP 3rd Category This Year and Extends Deadline!

Inside208

Category Archives: Municipal Finance 1355

Category Archives: Municipal Finance

1355