MI SB0721

Extends the deadline for granting new commercial facilities exemption certificates from December 31, 2025 to December 31, 2035

Increases the annual cap on state treasurer exclusions for mills levied under the state education tax from 25 to 45 exclusions per year

Allows applicants to submit amended applications to correct errors or mistakes in original commercial facilities exemption certificate applications, with amended certificates retaining the original effective date

Changes the certificate expiration date from December 31 to December 30 of the last year of the exemption period

Moves the annual reporting deadline for local governmental units on exemption status from October 15 to June 15 each year