2006 Michigan Compiled Laws - Act 146 of 2000


OBSOLETE PROPERTY REHABILITATION ACT

Act 146 of 2000

AN ACT to provide for the establishment of obsolete property rehabilitation districts in certain 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 certain local government officials; and to provide penalties.


History: 2000, Act 146, Imd. Eff. June 6, 2000




The People of the State of Michigan enact:

DocumentDescription
Section 125.2781Short title.
Section 125.2782Definitions.
Section 125.2783Obsolete property rehabilitation districts; creation; conditions; filing written request; notice and hearing; finding and determination.
Section 125.2784Obsolete property rehabilitation exemption certificate; application; filing; contents; hearing; determination of taxable value.
Section 125.2785Approval or disapproval of resolution; forward copies.
Section 125.2786Certificate; issuance; form; contents; effective date; filing; maintenance of record; copy.
Section 125.2787Issuance of certificate; tax exemption; time period; limitation; commencement; extension; review.
Section 125.2788Taxable value of property proposed to be exempt; limitation; separate finding; statement; requirements for approval of application.
Section 125.2789Value and taxable value of property; annual determination.
Section 125.2790Obsolete properties tax; amount; collection, disbursement, and assessment; payment; copy of disbursement amount; form; property located in renaissance zone; exemption of rehabilitated facility of qualified start-up business from tax collection; resolution.
Section 125.2791Lien; proceedings.
Section 125.2792Revocation of certificate; findings.
Section 125.2793Transfer and assignment of certificate.
Section 125.2794Report to commission.
Section 125.2795Report to legislative committees.
Section 125.2796Exemption after December 31, 2010.
Section 125.2797Exclusions; limitation.

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