2006 Michigan Compiled Laws - Act 210 of 2005


COMMERCIAL REHABILITATION ACT

Act 210 of 2005

AN ACT to provide for the establishment of commercial 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 qualified 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 governmental officials; and to provide penalties.


History: 2005, Act 210, Imd. Eff. Nov. 17, 2005




The People of the State of Michigan enact:

DocumentDescription
Section 207.841Short title.
Section 207.842Definitions.
Section 207.843Commercial rehabilitation district; establishment by qualified rehabilitation district; adoption of resolution; notice and opportunity for hearing; findings and determination; rejection.
Section 207.844Commercial rehabilitation exemption certificate; filing application by owner of qualified facility; notice and hearing.
Section 207.845Commercial rehabilitation exemption certificate; approval or disapproval of application.
Section 207.846Commercial rehabilitation exemption certificate; issuance; form; contents; effective date; maintenance of record and copies.
Section 207.847Exemption of qualified facility from tax; duration of force and effect of certificate; commencement; date of issuance; extension.
Section 207.848Separate filing; contents; compliance; requirements.
Section 207.849Determining value of each qualified facility.
Section 207.850Commercial rehabilitation tax; determination of amount; payment; exemption.
Section 207.851Lien.
Section 207.852Commercial rehabilitation exemption certificate; revocation.
Section 207.853Transfer and assignment of certificate.
Section 207.854Status report by local government.
Section 207.855Report to legislature.
Section 207.856Exemption not granted after December 31, 2015.

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