2010 Michigan Compiled Laws
Chapter 207 - TAXATION
Act 210 of 2005 - COMMERCIAL REHABILITATION ACT (207.841 - 207.856)

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

• Section 207.841 - Short title.
• Section 207.842 - Definitions.
• Section 207.843 - Commercial rehabilitation district; establishment by qualified rehabilitation district; adoption of resolution; notice and opportunity for hearing; findings and determination; rejection.
• Section 207.844 - Commercial rehabilitation exemption certificate; filing application by owner of qualified facility; notice and hearing.
• Section 207.845 - Commercial rehabilitation exemption certificate; approval or disapproval of application.
• Section 207.846 - Commercial rehabilitation exemption certificate; issuance; form; contents; effective date; maintenance of record and copies.
• Section 207.847 - Exemption of qualified facility from tax; duration of force and effect of certificate; commencement; date of issuance; extension.
• Section 207.848 - Separate finding; contents; compliance; requirements.
• Section 207.849 - Determining value of each qualified facility.
• Section 207.850 - Commercial rehabilitation tax; determination of amount; payment; exemption; qualified retail food establishment; certificate issued before December 31, 2009.
• Section 207.851 - Lien.
• Section 207.852 - Commercial rehabilitation exemption certificate; revocation.
• Section 207.853 - Transfer and assignment of certificate.
• Section 207.854 - Status report by local government.
• Section 207.855 - Report to legislature.
• Section 207.856 - Exemption not granted after December 31, 2015.