Sec. 5b.
(1) As used in this act, "taxable value" is that value determined in the same manner taxable value is determined under section 27a of the general property tax act, Act No. 206 of the Public Acts of 1893, being section 211.27a of the Michigan Compiled Laws.
(2) All property of a company subject to taxation under this act shall be considered 1 parcel in determining the taxable value of that company's property.
History: Add. 1995, Act 257, Imd. Eff. Jan. 5, 1996 Compiler's Notes: Section 2 of Act No. 257 of 1995 provides:“This amendatory act shall take effect December 30, 1995. This amendatory act is intended to clarify that the taxable basis of property subject to tax under this act, including intangible property, is also subject to the limitations on taxable value provided in section 3, article IX, of the Michigan Constitution of 1963. This act is not intended to exempt any particular type of property.
Structure Michigan Compiled Laws
Section 207.1 - State Board of Assessors; Secretary, Duties; Assistants.
Section 207.2 - State Board of Assessors; Compensation for Clerical Assistance, Expenses.
Section 207.5a - Exemption of Materials and Supplies.
Section 207.5b - Taxable Value; Determination.
Section 207.6 - Company's Annual Statement; Contents, Time.
Section 207.7 - Sleeping Car Company Defined; Annual Statement, Contents, Time.
Section 207.8 - Blanks Furnished; Other Reports; Board, Self-Information; Penalty, Exception.
Section 207.10 - Assessment Roll; Description; Form; Cash and Taxable Valuations; Placement on Roll.
Section 207.16 - Irregularities Not Authorizing Court Intervention.
Section 207.17 - Taxes on Public Utilities, Payment Into General Fund.
Section 207.18 - Collection of Specific Taxes Prior to 1909.
Section 207.19 - Certain Acts as Misdemeanor; Penalty.