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MI HB4546

Bill

Status

Introduced

3/10/2009

Primary Sponsor

Robert Jones

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Prohibits local governmental units from approving industrial facilities exemption certificates beginning April 1, 2010 if the owner or lessee fails to comply with section 3 of the Michigan corporate responsibility act or fails to disclose civil or criminal offenses as required.

  • Requires facility owners who fail to comply with the Michigan corporate responsibility act on or after April 1, 2010 to pay a penalty equal to the difference between the industrial facility tax and general ad valorem taxes that would have been levied for each year the certificate was in effect.

  • Designates the Michigan attorney general as responsible for enforcing compliance with the corporate responsibility requirements for industrial facilities exemption certificates.

  • Maintains existing requirements for industrial facilities exemption certificates including location within designated districts, employment impact, and restrictions on speculative buildings and casino properties.

  • Contains multiple specific exceptions for facilities that received prior approvals under different dates and circumstances between 1992 and 2008.

Legislative Description

Economic development; other; grant or tax incentives created in the corporate responsibility act; require to comply in the industrial facilities property tax abatement provision. Amends sec. 9 of 1974 PA 198 (MCL 207.559).

Economic development, other

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