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MI HB4544

Bill

Status

Introduced

3/10/2009

Primary Sponsor

Deb Kennedy

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • 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governmental units may establish one or more obsolete property rehabilitation districts by resolution if the property is obsolete commercial/housing property or was owned by the unit on the effective date and later conveyed to a private owner.

  • 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.

  • 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.

  • The resolution establishing a district must include findings and determinations that the district meets the statutory requirements.

  • 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

Committee Referrals

Finance4/14/2010
Oversight And Investigations3/18/2010
Commerce3/10/2009

Full Bill Text

No bill text available