MI HB6571

Local tax collecting units may adopt a resolution to exempt real and personal property of eligible businesses adversely impacted by major construction projects from ad valorem property taxes for taxes levied after December 31, 2009.

Exemption becomes effective on December 31 immediately following resolution adoption and continues for a period specified in the resolution, with a copy filed with the state tax commission.

Eligible businesses must file an affidavit with the local assessor and tax collecting unit clerk within a timeframe prescribed by the state tax commission to claim the exemption.

Property exempt under this section remains subject to the specific tax levied under the adverse construction specific tax act.

"Eligible business" means a business that owns or is contractually responsible for ad valorem taxes on property that is or will be adversely impacted by a major infrastructure construction project lasting at least 3 months in the first year or 2 months in subsequent years, excluding interstate highway work.