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MI SB0146
Bill
AI Summary
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Expands eligibility for homestead facility owners to apply for neighborhood enterprise zone certificates after a building permit is issued, removing the prior requirement to apply before permit issuance.
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Adds 16 specific exceptions (subsections a-p) allowing late applications for facilities in designated neighborhood enterprise zones with building permits issued within defined timeframes between 1992 and 2008.
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Requires homestead facility applicants to commit to a minimum $500 investment over the first 3 years and document this investment if requested by the local assessor.
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Allows subsequent owners occupying new facilities as principal residences to obtain certificates for the remainder of the original owner's term (up to 12-15 years) if the original owner did not apply.
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Specifies effective dates for certificates issued under various amendment provisions, with some retroactively effective to January 1, 2001.
Legislative Description
Economic development; neighborhood enterprise zones; neighborhood enterprise zone eligibility; expand. Amends sec. 4 of 1992 PA 147 (MCL 207.774).
Economic development, neighborhood enterprise zones
Last Action
Assigned Pa 0017'14 With Immediate Effect
2/26/2014