HOUSE BILL No. 4746


     May 27, 1999, Introduced by Rep. Stallworth and referred to the Committee on Tax
Policy.


        A bill to amend 1893 PA 206, entitled

   "The general property tax act,"

   (MCL 211.1 to 211.157) by adding section 9i.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 9I.  IN EACH TAX YEAR, PERSONAL PROPERTY OF A NEW BUSI-

 2    NESS WITH GROSS SALES OF LESS THAN $500,000.00 IN THE IMMEDIATELY

 3    PRECEDING TAX YEAR IS EXEMPT FROM THE COLLECTION OF TAXES UNDER

 4    THIS ACT.  AS USED IN THIS SECTION:

 5         (A) "BUSINESS ACTIVITY" MEANS THAT TERM AS DEFINED IN SEC-

 6    TION 3 OF THE SINGLE BUSINESS TAX ACT, 1975 PA 228, MCL 208.3.

 7         (B) "NEW BUSINESS" MEANS A SOLE PROPRIETORSHIP, PARTNERSHIP,

 8    LIMITED PARTNERSHIP, LIMITED LIABILITY PARTNERSHIP, CORPORATION,

 9    LIMITED LIABILITY COMPANY, OR OTHER LEGAL ENTITY OPERATED FOR

10    PROFIT, THAT HAS CONDUCTED BUSINESS ACTIVITY IN THIS STATE FOR

11    NOT MORE THAN 5 YEARS AND THAT DOES NOT HAVE BUSINESS INCOME


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 1    APPORTIONED UNDER THE SINGLE BUSINESS TAX ACT, 1975 PA 228, MCL

 2    208.1 TO 208.145, TO A STATE OTHER THAN THIS STATE.




















































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