Introduced by Rep. Fran Amos (R) on February 22, 2005, to authorize the creation of local commercial rehabilitation districts by local governments in high-vacancy commercial districts (such as older shopping malls like Summit Place Mall in Oakland County), in which owners of commercial structures would be eligible for reduced property tax rates. Essentially, if a mall is renovated, the property tax would be frozen for up to 10 years at the level it was before the renovation.
Referred to the House Commerce Committee on February 22, 2005.
Reported in the House on September 27, 2005, with the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered in the House on September 29, 2005, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on September 29, 2005.
Referred to the Senate Economic Development, Small Business and Regulatory Reform Committee on October 6, 2005.
Reported in the Senate on November 1, 2005, with the recommendation that the bill pass.
Passed in the Senate (38 to 0) on November 3, 2005, to authorize the creation of local commercial rehabilitation districts by local governments in high-vacancy commercial districts (such as older shopping malls like Summit Place Mall in Oakland County), in which owners of commercial structures would be eligible for reduced property tax rates. Essentially, if a mall is renovated, the property tax would be frozen for up to 10 years at the level it was before the renovation. [Vote Details and Comments]
Signed by Gov. Jennifer Granholm on November 17, 2005.
1) Govt grows [by Anonymous Citizen on September 28, 2005] great, more Govt favors to dispense.
Why not just lower property taxes for ALL of us!? Reply