An act to amend 1978 PA 255, entitled “An act to provide for the establishment of commercial redevelopment districts in local governmental units; to provide for the exemption from certain taxes; to levy and collect a specific tax upon the owners of certain facilities; to provide for the disposition of the tax; to provide for the obtaining and transferring of an exemption certificate and to prescribe the contents of those certificates; to prescribe the powers and duties of the state tax commission and certain officers of local governmental units; and to provide remedies and penalties,” by amending sections 9, 12a, 16, and 18 (MCL 207.659, 207.662a, 207.666, and 207.668), section 9 as amended by 1993 PA 340, section 12a as added by 2008 PA 227, and section 18 as amended by 2020 PA 218.
Senate Bills 721 and 722 update and extend Michigan’s Commercial Redevelopment and Commercial Rehabilitation Acts through 2035 by clarifying eligibility and tax exemptions, permitting amended applications, increasing allowable state education tax exclusions, adjusting reporting timelines, and strengthening property tax incentive processes to support economic development, commercial rehabilitation, and community revitalization.
Introduced
by
Referred to the Committee on Regulatory Affairs
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 22 to 13 (details)
Referred to the Committee on Finance
Discharged from committee
Passed in the House 96 to 12 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Motion to give immediate effect
by
The motion prevailed by voice vote
