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MI SB0493
Bill
AI Summary
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Extends the deadline for granting new commercial rehabilitation district exemptions from December 31, 2020 to December 31, 2025 under the 2005 Commercial Rehabilitation Districts Act.
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Exemptions already in effect before the new deadline will continue until their exemption certificates expire, regardless of when the December 31, 2025 deadline passes.
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Modifies MCL 207.856 (Section 16 of 2005 PA 210) to implement the extended sunset date for new exemption grants.
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Effective immediately upon the Governor's approval on October 15, 2020.
Legislative Description
Economic development: other; commercial rehabilitation certificates; extend sunset. Amends sec. 16 of 2005 PA 210 (MCL 207.856).
Economic development: other
Last Action
Assigned Pa 0217'20 With Immediate Effect
10/21/2020