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MI HB4544
Bill
Status
3/10/2009
Primary Sponsor
Deb Kennedy
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AI Summary
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Qualified local governmental units may establish one or more obsolete property rehabilitation districts by resolution if the property is obsolete commercial/housing property or was owned by the unit on the effective date and later conveyed to a private owner.
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Districts may be established on the unit's own initiative or upon written request from owners of property comprising at least 50% of the taxable value within the proposed district.
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Before adopting a resolution, the legislative body must provide written certified mail notice to all property owners in the proposed district and hold a public hearing with at least 10 days but no more than 30 days advance notice.
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The resolution establishing a district must include findings and determinations that the district meets the statutory requirements.
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Beginning April 1, 2010, qualified local governmental units cannot grant obsolete property rehabilitation exemption certificates if the owner or lessee fails to comply with section 3 of the Michigan Corporate Responsibility Act or fails to disclose required civil or criminal offenses, with enforcement responsibility assigned to the state attorney general.
Legislative Description
Economic development; other; grant or tax incentives created in the corporate responsibility act; require to comply in the obsolete property and rehabilitation tax credit provision. Amends sec. 3 of 2000 PA 146 (MCL 125.2783).
Economic development, obsolete property and rehabilitation
Last Action
Referred To Committee On Finance
4/14/2010