MI SB0793

Amends Michigan's Plant Rehabilitation and Industrial Development Districts Act (1974 PA 198) to modify definitions and reorganize statutory language related to industrial facility tax exemption certificates

Transfers authority to concur on exemption certificate applications from the Department of Licensing and Regulatory Affairs to the Michigan Strategic Fund or Michigan Economic Development Corporation

Eliminates the applicant's ability to appeal a local governmental unit's disapproval of an exemption certificate application to the State Tax Commission

Removes the requirement for the State Tax Commission to make a separate finding when exempt property exceeds 5% of the local governmental unit's state equalized valuation

Clarifies the definition of "commencement" as the date the first building or trade permit is issued, excluding demolition activity, and reorganizes definitions into alphabetical order