to withdraw the motion to report HB 4966, as substitute (H-1).
Representative Grant moved to withdraw the motion to report HB 4966, as substitute (H-1). There being no objection, the motion prevailed by unanimous consent. Representative Grant offered the following amendment to the (H-1) substitute to HB 4966: 1. Amend page 8, following line 26, by inserting: "(2) Upon the request of the city council, the governing body of a qualified city or qualified local unit of government may adopt a resolution for the submission of a question to its electors to approve a reduction, for the calendar year following approval by the electors, of the maximum levy of the land value tax previously approved by the electors and the reduction of the level of authorized ad valorem millage that may be designated as qualified taxes. If a reduction in the levy of the land value tax is approved by the electors, the amount of the reduction in the level of authorized ad valorem millage that may be designated as qualified taxes must be determined at the conversion rate for the first year in which the equivalent land value tax rate was imposed. If a reduction in the levy of the land value tax is approved by the electors, the equivalent land tax rate reduction approved by the electors must not be levied as part of the land value tax and the authorized ad valorem millage rate that is no longer qualified to be designated as qualified taxes may be reimposed as an ad valorem levy." and renumbering the remaining subsection. Jay Rice, CFO for the City of Detroit, spoke to Representative Grant's amendment. Questions and discussion followed.