MI SB0759

Expands definition of "blighted" property to include tax-reverted property owned by qualified local governments, counties, or the state, and property owned or controlled by land bank fast track authorities, with sales or transfers after inclusion in a brownfield plan not resulting in loss of blighted status.

Clarifies that property owned by land bank fast track authorities qualifies as blighted regardless of location within a qualified local governmental unit, maintaining blighted status through transfers after brownfield plan inclusion.

Extends the deadline for granting new obsolete property rehabilitation exemptions from December 31, 2010 to December 31, 2013, while allowing existing exemptions to continue through their certificate expiration dates.

Maintains all existing definitions and criteria for obsolete property, commercial property, commercial housing property, and rehabilitation requirements without substantive changes to those provisions.