Sub HB 4441 - Property Transfer Tax Increase - Michigan Key Vote
Timeline
- Senate Bill Sent To Committee
- March 20, 2007
- House Bill Passed
- March 14, 2007
- Introduced
- March 8, 2007
Related Issues
Stage Details
Title: Property Transfer Tax Increase
Vote Smart's Synopsis:
Vote to pass a bill temporarily increasing the property transfer tax.
Highlights:
- Increases the property transfer tax from $3.75 to $4.25 for each $500.00 or fraction of $500.00 from April 1, 2007 to September 1, 2008 (sec. 5). - Provides 75% of the proceeds from the increase to the general fund of the local tax-collecting unit (sec.11) - Provides 25% of the proceeds from the increase to the county of the local tax-collecting unit (sec.11). - Does not take effect unless HB 4440 is passed (Enacting sec.1).
Title: Property Transfer Tax Increase
- Frank Accavitti Jr. (MI - D) (Out Of Office)
- Paul F. Condino (MI - D) (Out Of Office)
- Bob J. 'Bob' Constan (MI - D) (Out Of Office)
- Edward J. 'Ed' Gaffney (MI - R) (Out Of Office)
- Matthew O. 'Matt' Gillard (MI - D) (Out Of Office)
- Ted Hammon (MI - D) (Out Of Office)
- Hoon-Yung Hopgood (MI - D) (Out Of Office)
- Robert B. Jones (MI - D) (Out Of Office)
- Mark S. Meadows (MI - D) (Out Of Office)
- Fred J. Miller (MI - D) (Out Of Office)
- Gino H. Polidori (MI - D) (Out Of Office)
- Alma Wheeler Smith (MI - D) (Out Of Office)
- Aldo Vagnozzi (MI - D) (Out Of Office)
More Info About this Vote
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.