A bill to amend 1974 PA 198, entitled “An act to provide for the establishment of plant rehabilitation districts and industrial development 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 impose and provide for the disposition of an administrative fee; 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 penalties,” by amending sections 3, 6, 7, and 9 (MCL 207.553, 207.556, 207.557, and 207.559), section 3 as amended by 2010 PA 122, section 6 as amended by 2021 PA 157, section 7 as amended by 2014 PA 514, and section 9 as amended by 2014 PA 513.
Senate Bill No. 793 updates and clarifies Michigan's industrial property tax exemption law, refining definitions, procedures, and eligibility criteria to support economic development while ensuring transparency and local fiscal stability.
Introduced
by
Referred to the Committee on Regulatory Affairs
