MI HB4516

Allows qualified local governmental units to establish one or more commercial rehabilitation districts comprising parcels or tracts of land that are qualified facilities.

Permits district establishment either by local initiative or upon written request from owners of at least 50% of the taxable value of property within the proposed district.

Requires local legislative bodies to provide certified mail notice to the county and all property owners within the proposed district and hold a public hearing with 10-30 days notice before adoption.

Grants counties 28 days to reject district establishment through written notification (if county has elected executive) or board of commissioners resolution (if county lacks elected executive).

Beginning April 1, 2010, prohibits approval of commercial rehabilitation exemption certificates if the owner or lessee fails to comply with the Michigan Corporate Responsibility Act's section 3 requirements or fails to disclose required civil or criminal offenses; non-compliance results in a penalty equal to the tax difference for each year the certificate was in effect.