MI HB6203

Amends the Commercial Rehabilitation Act to revise definitions and terminology, changing "shall" to "does" and "pursuant to" to "under" throughout the statute for grammatical consistency.

Adds "of 1986" to the reference to Internal Revenue Code section 45D regarding new markets tax credit allocation for qualified facilities.

Capitalizes "Gaming Control and Revenue Act" and "Census Bureau" for proper formatting of official names.

Introduces a new definition of "qualified unit" (subsection k) establishing criteria for cities, townships, and villages eligible for commercial rehabilitation benefits based on median family income, distressed area status, population thresholds, and geographic location relative to major population centers.

Renumbers subsequent definitions (rehabilitation, taxable value, and underserved area) to accommodate the new qualified unit definition, with the provision that this act takes effect only if Senate Bill No. ____ or House Bill No. ____ (request no. 04434'23) is enacted into law.