2009 House Bill 5495 / 2010 Public Act 65

Extend certain “neighborhood enterprise zone” property tax breaks

Introduced in the House

Oct. 1, 2009

Introduced by Rep. Joan Bauer (D-68)

To revise the duration and the terms of a certain type of “neighborhood enterprise zone” property tax break in which a developer must transfer a rehabbed residential property to an owner who will occupy it as a homestead within six years. The bill would extend this to 12 years, and extend the minimum duration of the tax break (which is a 50 percent discount on property taxes) from 11 to 17 years.

Referred to the Committee on Intergovernmental, Urban, and Regional Affairs

Dec. 8, 2009

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Jan. 21, 2010

Substitute offered

To not extend the duration of the tax break, but only the deadline on selling the property to a residential owner who will occupy it.

The substitute passed by voice vote

Passed in the House 95 to 12 (details)

To revise the terms of a certain type of “neighborhood enterprise zone” property tax break, which requires a developer to transfer a rehabbed residential property to an owner who will occupy it as a homestead within six years. The bill would extend this to 12 years. The tax break itself is a 50 percent discount on property taxes.

Received in the Senate

Jan. 26, 2010

Referred to the Committee on Local, Urban, and State Affairs

March 11, 2010

Reported without amendment

With the recommendation that the bill pass.

April 28, 2010

Passed in the Senate 37 to 0 (details)

To revise the terms of a certain type of “neighborhood enterprise zone” property tax break, which requires a developer to transfer a rehabbed residential property to an owner who will occupy it as a homestead within six years. The bill would extend this to 12 years. The tax break itself is a 50 percent discount on property taxes.

Signed by Gov. Jennifer Granholm

May 6, 2010