A bill to amend 1978 PA 255, entitled “Commercial redevelopment act,” 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)
