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Whitmer signs Stamas bill into law

Submitted by on February 14, 2020 – 12:22 amNo Comment

Governor Grethen Whitmer signed three bills into law Thursday, including one sponsored by 36th District State Senator Jim Stamas.

Senate Bill 455 amends the General Property Tax Act to allow certain personal properties within a renaissance zone to be exempt from certain assessments and taxes.

Whitmer also signed into law a pair of bills out of the House that work in conjunction with each other. One requires an amount equal to all revenue lost to the State School Aid Fund (SAF) because of an exemption for qualified data centers to be deposited into the SAF.

The other requires a person that claimed an exemption for a qualified data center to report the purchase price of data center equipment to the Department of Treasury, as well as other information, to determine the amount of revenue lost to the State School Aid Fund.