MI HB6300

Allow certificate holders to request revocation of industrial facilities exemption certificates in whole or in part (real property or personal property components) by certified mail to the state tax commission.

Enable local government legislative bodies to request revocation of certificates if replacement or new facilities are not completed within 2 years of the certificate's effective date (or 6 years from initial issuance), speculative buildings are not completed within 2 years, or the holder fails to proceed in good faith with the project.

Require the state tax commission to provide written notice to all affected parties and hold a hearing before revoking a certificate; revocation becomes effective on December 31 following the order date.

Allow revocation of certificates for speculative buildings to apply only to the specific portion of the building for which revocation grounds apply.

Permit reinstatement of revoked industrial facilities exemption certificates upon written request by the original holder or subsequent owner, with local government concurrence, if the facility continues to qualify under the law.