"This amendment couldn't have passed without the bipartisan support it received,” Schor said in a statement. “I enjoyed working with colleagues on both sides of the aisle to address this important issue and ensure that our communities would receive the property tax revenue they expected."
According to a media release, Schor's amendment to Senate Bill 61 corrected an inadvertent oversight in the bill that would have exempted Blue Cross from paying property taxes on a number of its properties throughout Michigan until 2015, including the company’s Lansing building, located at 232 S. Capitol Ave.
Senate Bills 61 and 62, which allow Blue Cross Blue Shield of Michigan to change its structure, passed the House of Representatives Thursday.
The understanding between all involved parties, including Blue Cross, was that they would start paying those property taxes in 2014, a media release issued by the House Democratic caucus read.
The City of Lansing will receive nearly $600,000 in property taxes from Blue Cross.
The company owns 10 buildings in Michigan, which are expected to generate nearly $4 million in property taxes to local municipalities, including a $2.5 million payment to the City of Detroit.
E-mail Angela Wittrock:
and follow her on
and Twitter at twitter.com/AngelaWittrock
or reach her by phone at 517.219.7073