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MI SB1113
Bill
AI Summary
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Adds "LEED certified facility" as a new category of eligible facility under the Commercial Redevelopment Act alongside restored, replacement, and new facilities.
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Defines LEED certified facilities as real property improvements that have received or will seek Leadership in Energy and Environmental Design certification from the U.S. Green Building Council, including commercial, industrial, or residential uses.
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Allows owners or lessees of LEED certified facilities to apply for commercial facilities exemption certificates directly with local governmental units without requiring an established commercial redevelopment district.
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Expands "local governmental unit" eligibility for LEED certified facilities to include townships with populations of 20,000 or more, in addition to cities and villages.
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Requires applicants for LEED certified facilities to submit evidence of LEED certification within 5 years of application approval and provide information on LEED construction activities and their starting date for tax calculation purposes.
Legislative Description
Economic development; commercial redevelopment; tax incentives for buildings that are LEED-certified; provide for. Amends secs. 3, 4, 6 & 8 of 1978 PA 255 (MCL 207.653 et seq.).
Energy, conservation
Last Action
Referred To Committee Of The Whole With Substitute S-1
9/23/2010