MI SB1111

State Treasurer may exclude up to one-half of state education tax mills from specific tax calculations for new or replacement commercial facilities for up to 6 years to reduce unemployment and promote economic growth.

State Treasurer may exclude all state education tax mills from specific tax calculations for LEED-certified facilities for up to 6 years, with written notice required to applicant and local assessor.

State Treasurer cannot grant more than 25 exclusions under the non-LEED provision each year.

Local governmental units may not revoke exemptions for LEED-certified facilities except upon finding that applicant submitted fraudulent evidence of LEED certification.

Commercial facilities exemption certificates for LEED-certified facilities automatically remain in force for all property legally described in the certificate upon any lease or transfer of ownership without requiring formal assignment or approval.