MI SB1236

Expands definition of "commercial property" to include businesses that own or operate transit-oriented developments or transit-oriented facilities within commercial redevelopment districts.

Modifies eligibility requirements for new facilities and replacement facilities beginning July 1, 2008 to require properties be zoned for mixed-use development including high-density residential use and located in qualified downtown revitalization districts.

Requires local governmental units to establish expedited permitting and inspection processes and provide walkable nonmotorized interconnections including sidewalks and streetscapes in commercial redevelopment districts to qualify for tax exemptions.

Restricts designation of new commercial redevelopment districts to cities and villages only (effective after June 30, 2008), eliminating township eligibility.

Defines transit-oriented development as infrastructure improvements within one-half mile of a transit station that promote transit ridership or passenger rail use.