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MI HB4788
Bill
Status
9/28/2011
Primary Sponsor
Harvey Santana
Click for details
AI Summary
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Amends the definition of "industrial property" under the plant rehabilitation districts act to include a federal reserve bank operating under 12 USC 341 located in a city with a population of 600,000 or more
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Expands the types of facilities eligible for tax exemptions under plant rehabilitation and industrial development districts to include federal reserve bank operations meeting population requirements
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Takes effect immediately upon approval by the Governor on September 27, 2011
Legislative Description
Economic development; plant rehabilitation; definition of "industrial property"; expand to include certain federal reserve bank operations. Amends sec. 2 of 1974 PA 198 (MCL 207.552).
Economic development, plant rehabilitation
Last Action
Assigned Pa 154'11 With Immediate Effect
9/28/2011