MI HB6203

Modifies the process for issuing obsolete property rehabilitation exemption certificates, requiring the commission to approve or disapprove applications within 60 days of receipt.

Exemption certificates must include the legal property description, taxable value statement, rehabilitation completion period, and extension criteria if the authorized period is less than 12 years.

Sets the effective date of exemption certificates as December 31 immediately following issuance, with an exception for a specific facility approved November 5, 2008 where the effective date is December 31, 2008.

Requires the commission to file certificate copies with the local governmental unit clerk and send certified copies to the applicant and local tax assessor.

Establishes December 31, 2016 as the deadline for granting new exemptions under the act, while allowing existing exemptions to continue through their expiration dates.