Mich. Comp. Laws § 211.1091
Short title.
This act shall be known and may be cited as the "transitional qualified forest property specific tax act".
Michigan Compiled Laws — TRANSITIONAL QUALIFIED FOREST PROPERTY SPECIFIC TAX ACT (Act 260 of 2016)
Michigan · statute · 260 of 2016, Mich. Comp. Laws · 11 active provisions
Mich. Comp. Laws § 211.1092
Definitions.
As used in this act: (a) "Commission" means the state tax commission created by 1927 PA 360, MCL 209.101 to 209.107. (b) "Conservation district" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1]. (c) "Converted by a change in use" means that term as defined in sectio…
Mich. Comp. Laws § 211.1093
Exemption from tax.
For taxes levied after December 31, 2015, subject to section 4, transitional qualified forest property is exempt from ad valorem property taxes collected under the general property tax act, 1893 PA 206, MCL 211.1 to 211.155, as provided under section 7vv of the general property tax act, 1893 PA 206, MCL 211.7vv, for a…
Mich. Comp. Laws § 211.1094
Determination of forestland as transitional qualified forest property; application process.
(1) An owner of forestland that withdraws commercial forestland under section 51108(5) of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51108, may apply to the department to have that forestland determined to be transitional qualified forest property. The application process shall include…
Mich. Comp. Laws § 211.1095
Value and taxable value; determination by local tax assessor.
The assessor of each local tax collecting unit in which there is transitional qualified forest property shall determine annually as of December 31 the value and taxable value of each parcel of transitional qualified forest property located in that local tax collecting unit.
Mich. Comp. Laws § 211.1096
Transitional qualified forest property specific tax; levy; amount; determination; payment; disbursement; form; fee; rescission of exemption; failure to file rescission; penalty.
(1) There is levied upon the owner of each parcel or transitional qualified forest property a specific tax to be known as the transitional qualified forest property specific tax. (2) The amount of the transitional qualified forest property specific tax in each year shall be the greater of an amount equal to the specifi…
Mich. Comp. Laws § 211.1097
Unpaid taxes; manner of forfeiture, foreclosure, and sale.
Unpaid transitional qualified forest property specific taxes are subject to forfeiture, foreclosure, and sale in the same manner and at the same time as taxes returned as delinquent under the general property tax act, 1893 PA 206, MCL 211.1 to 211.155.
Mich. Comp. Laws § 211.1098
Forestland determined not to be transitional qualified forest property; notice to local tax collecting unit; placement of property on tax roll; corrected tax bill; property eligible for 5 years and still eligible under MCL 211.7jj[1].
(1) If forestland that was subject to the transitional qualified forest property specific tax is not transitional qualified forest property as determined by the department, the department shall notify the local tax collecting unit and that property shall be immediately placed on the tax roll by the local tax collecting…
Mich. Comp. Laws § 211.1099
Property converted by change in use; notification; form; rescission of exemption; placement of property on tax roll; collection of tax and penalty; collection of amount equal to application and fee that would have been assessed under MCL 324.51108.
If all or a portion of transitional qualified forest property is converted by a change in use and is no longer transitional qualified forest property, an owner shall immediately notify the local tax collecting unit, the assessor, and the department, on a form created by the department. The form shall include a legal de…
Mich. Comp. Laws § 211.1100
Forest practice or harvest; report.
An owner of transitional qualified forest property shall report to the department on a form prescribed by the department when a forest practice or timber harvest has occurred on the transitional qualified forest property during a calendar year. The report shall indicate the forest practice completed and the volume and…
Mich. Comp. Laws § 211.1101
Documents; retention by owner; availability to department; maintenance of database; property determined not to be transitional qualified forest property; conditions; notice; placement on tax roll; certain information exempt from disclosure.
The owner of transitional qualified forest property shall retain the current management plan, most recent harvest records, recorded copy of a receipt of the tax exemption, and a map that shows the location and size of any buildings and structures on the property. The owner shall make the documents available to the depa…