PROPERTY TAX EXEMPTION: LAND OF CHARITY

HELD FOR CONSERVATION& RECREATION PURPOSES

House Bill 6036

Sponsor:  Rep. Lorence Wenke

Committee:  Tax Policy

Complete to 6-28-04

A SUMMARY OF HOUSE BILL 6036 AS INTRODUCED 6-22-04

The bill would amend the General Property Tax Act to specify that real property of a nonprofit charitable institution or charitable trust that is held for conservation purposes and is open to the public for recreational purposes is exempt from taxation under the act.

[The act currently contains a number of provisions exempting real and personal property of nonprofit charitable institutions and trusts from taxation.]

MCL 211.7o

FISCAL IMPACT:

As written, the bill should have no state or local fiscal impact.

                                                                                           Legislative Analyst:   Mark Wolf

                                                                                                  Fiscal Analyst:   Jim Stansell

■ This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.