MI SB0962

Allows the Michigan Tax Commission to issue industrial facilities exemption certificates with an effective date of December 31 in the year the application was received if the application is completed before October 31 of the following year.

Permits applicants to submit amended applications to correct errors or mistakes discovered after local governmental unit approval or certificate issuance, with the amended certificate receiving the same effective date as the original.

Allows certificates to be considered issued, transferred, amended, or revoked on December 31 of the approval year if the local clerk files the application or request before October 31 of the following year, even if the commission receives it late.

Requires the Tax Commission to notify state legislators and publish on its website information about approved or disapproved applications under the new provisions, beginning October 1, 2013.

Includes retroactive provisions for specific properties with exemption certificates approved on dates between 1986 and 2012 that did not meet original deadlines.