MI SB0426

Expands the definition of "industrial property" to include qualified modular housing manufacturers that produce premanufactured modular building units or manufactured homes with a state facility and an exemption certificate expiring December 30, 2011.

Establishes tax calculations for qualified modular housing manufacturers for 2009-2011 tax years, reducing the industrial facility tax to 1/10 of total ad valorem mills levied (excluding state education tax), subject to local governmental unit approval by resolution.

Extends industrial facilities exemption certificates for qualified modular housing manufacturers by 12 additional years if the certificate was approved before January 1, 2009 and the local governmental unit approves the extension by resolution.

Clarifies that "premanufactured modular building unit" means factory-manufactured building sections designed under Michigan's construction code and installed on permanent foundations, excluding mobile homes and manufactured homes on permanent chassis.

Adds definitions for "manufactured home" and cross-references the Uniform Commercial Code to establish eligibility criteria for tax abatement programs for modular housing manufacturers.