MI HB6357

Increases the current true cash value threshold for rehabilitated facilities from $80,000 to $120,000 per unit.

Increases the minimum improvement cost threshold for licensed contractor work from $5,000 to $10,000 per owner-occupied unit and from $7,500 to $15,000 per non-owner-occupied unit.

Changes references in the definition of "qualified downtown revitalization district" from 1975 PA 197 to the recodified tax increment financing act (2018 PA 57).

Allows condominium units within qualified historic buildings to be held under common ownership and expands rehabilitated facility definition to include condominium units in historic buildings.

Modifies language from "pursuant to" to "under" regarding the Condominium Act, 1978 PA 59.