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MI SB0146

Bill

Status

Passed

2/26/2014

Primary Sponsor

Coleman Young

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Origin

Senate

97th Legislature

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Tax Policy10/29/2013
Economic Development2/5/2013

Full Bill Text

No bill text available