Section 211.1091 – Short Title.

211.1091 Short title. Sec. 1. This act shall be known and may be cited as the “transitional qualified forest property specific tax act”. History: 2016, Act 260, Imd. Eff. June 28, 2016

Section 211.1092 – Definitions.

211.1092 Definitions. Sec. 2. 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 […]

Section 211.1093 – Exemption From Tax.

211.1093 Exemption from tax. Sec. 3. 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 […]

Section 211.1094 – Determination of Forestland as Transitional Qualified Forest Property; Application Process.

211.1094 Determination of forestland as transitional qualified forest property; application process. Sec. 4. (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 […]

Section 211.1095 – Value and Taxable Value; Determination by Local Tax Assessor.

211.1095 Value and taxable value; determination by local tax assessor. Sec. 5. 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. […]

Section 211.1096 – Transitional Qualified Forest Property Specific Tax; Levy; Amount; Determination; Payment; Disbursement; Form; Fee; Rescission of Exemption; Failure to File Rescission; Penalty.

211.1096 Transitional qualified forest property specific tax; levy; amount; determination; payment; disbursement; form; fee; rescission of exemption; failure to file rescission; penalty. Sec. 6. (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 […]

Section 211.1097 – Unpaid Taxes; Manner of Forfeiture, Foreclosure, and Sale.

211.1097 Unpaid taxes; manner of forfeiture, foreclosure, and sale. Sec. 7. 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. History: 2016, Act […]

Section 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].

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]. Sec. 8. (1) If forestland that was subject to the transitional qualified forest property specific tax is not transitional […]

Section 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.

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. Sec. 9. If all or a portion of transitional qualified forest property is converted by a […]

Section 211.1100 – Forest Practice or Harvest; Report.

211.1100 Forest practice or harvest; report. Sec. 10. 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 […]

Section 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.

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. Sec. 11. The owner of transitional qualified forest property shall retain the current management plan, most recent harvest records, recorded copy of a receipt […]