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2021 Michigan Compiled Laws
Chapter 207 - Taxation
Act 255 of 1978 - Commercial Redevelopment Act (207.651 - 207.668)
AN ACT to provide for the establishment of commercial redevelopment 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 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 remedies and penalties.
History: 1978, Act 255, Imd. Eff. June 21, 1978
Compiler's Notes: For transfer of powers and duties under the commercial redevelopment act from the department of commerce to the chief executive officer of the Michigan jobs commission, see E.R.O. No. 1996-2, compiled at MCL 445.2001 of the Michigan Compiled Laws.
- Section 207.651 - Short Title.
- Section 207.652 - Meanings of Words and Phrases.
- Section 207.653 - Meanings of Words and Phrases.
- Section 207.654 - Definitions; L to T.
- Section 207.655 - Commercial Redevelopment District; Establishment; Resolution; Notice; Hearing; Finding and Determination; Applicability of District Established by Township; Exemption of Restored Facility; Commercial Property Included as Part of Commercial Redevelopment District Also Part of Tax Increment District.
- Section 207.656 - Application for Commercial Facilities Exemption Certificate; Filing; Contents; Notice; Hearing; Determination of State Equalized Valuation of Property Owned by Local Governmental Unit on June 21, 1978, and Subsequently Conveyed to Private Owner and Zoned Commercial.
- Section 207.657 - Application for Commercial Facilities Exemption Certificate; Approval or Disapproval.
- Section 207.658 - Commercial Facilities Exemption Certificate; Issuance; Contents; Effective Date; Filing; Record.
- Section 207.659 - Exemption From Ad Valorem Property Taxes; Duration of Certificate; Review and Extension of Certificate; Limitation; Date of Issuance of Certificate of Occupancy; Basis of Review.
- Section 207.660 - Finding and Statement as to State Equalized Valuation of Property Proposed to Be Exempt; Requirements for Exemption Certificate.
- Section 207.661 - Valuation of Facilities and Property by Assessor.
- Section 207.662 - Commercial Facilities Tax; Levy; Amount; Collection, Disbursement, and Assessment of Tax; Allocation; Payment to State Treasury and Credit to State School Aid Fund; Copy of Amount of Disbursement; Facility Located in Renaissance Zone; “Casino” Defined.
- Section 207.662a - Reduction in Number of Mills Levied Under State Education Tax Act; Limitation on Number of Exclusions.
- Section 207.663 - Tax as Lien Upon Real Property; Certificate of Nonpayment and Affidavit Required for Proceedings Upon Lien.
- Section 207.664 - Grounds for Revocation of Exemption.
- Section 207.665 - Transfer or Assignment of Certificate; Approval; Notice and Hearing.
- Section 207.666 - Report on Status of Exemption.
- Section 207.667 - Report on Utilization of Commercial Redevelopment Districts; Economic Analysis of Costs and Benefits.
- Section 207.668 - Limitation on New Exemptions; Continuation of Exemption.
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