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2015 Senate Bill 556: Extend “commercial rehabilitation” tax break law

Public Act 218 of 2015

Introduced by Sen. Kenneth Horn (R) on October 6, 2015
To extend indefinietly a “commercial rehabilitation act” that authorizes property tax breaks for owners of rehab projects involving commercial property selected by local government officials. The law was originally created with the developer of a moribund Oakland County mall in mind, and has been used to give these indirect subsidies to other developers as well.   Official Text and Analysis.
Referred to the Senate Economic Development and International Investment Committee on October 6, 2015
Reported in the Senate on October 27, 2015
With the recommendation that the bill pass.
Passed 38 to 0 in the Senate on November 4, 2015.
    See Who Voted "Yes" and Who Voted "No".
To extend for another five years a “commercial rehabilitation act” that authorizes property tax breaks for owners of rehab projects involving commercial property selected by local government officials. The law was originally created with the developer of a moribund Oakland County mall in mind, and has been used to give these indirect subsidies to other developers as well.
Received in the House on November 4, 2015
Referred to the House Government Operations Committee on November 4, 2015
Reported in the House on November 5, 2015
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 15, 2015

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