Mich. Comp. Laws § 207.651
Short title.
This act shall be known and may be cited as the "commercial redevelopment act".
Michigan Compiled Laws — COMMERCIAL REDEVELOPMENT ACT (Act 255 of 1978)
Michigan · statute · 255 of 1978, Mich. Comp. Laws · 19 active provisions
Mich. Comp. Laws § 207.652
Meanings of words and phrases.
For the purposes of this act, the words and phrases defined in sections 3 and 4 have the meanings ascribed to them in those sections.
Mich. Comp. Laws § 207.653
Meanings of words and phrases.
(1) "Commercial facilities tax" means the specific tax levied under this act. (2) "Commercial facilities exemption certificate" means a certificate issued pursuant to section 8. (3) "Commercial property" means land improvements classified by law for general ad valorem tax purposes as real property including real proper…
Mich. Comp. Laws § 207.654
Definitions; L to T.
(1) "Local governmental unit" means, except as otherwise provided in this subsection, a city, village, or township. For local governmental units designating a commercial redevelopment district after June 30, 2008, local governmental unit means a city or village. (2) "New facility" means 1 of the following: (a) Through…
Mich. Comp. Laws § 207.655
Commercial redevelopment district; establishment; resolution; notice; hearing; finding and determination; applicability of district established by township; exemption of restored facility; commercial property included as part of commercial redevelopment district also part of tax increment district.
(1) A local governmental unit, by resolution of its legislative body, may establish a commercial redevelopment district, which may consist of 1 or more parcels or tracts of land or a portion thereof, if at the time of adoption of the resolution the property within the district is any of the following: (a) Obsolete comm…
Mich. Comp. Laws § 207.656
Application for commercial facilities exemption certificate; filing; contents; notice; hearing; determination of state equalized valuation of property owned by local governmental unit on June 21, 1978, and subsequently conveyed to private owner and zoned commercial.
(1) The owner or lessee of a facility may file an application for a commercial facilities exemption certificate with the clerk of the local governmental unit that established the commercial redevelopment district. The application shall be filed in the manner and form prescribed by the commission. The application shall…
Mich. Comp. Laws § 207.657
Application for commercial facilities exemption certificate; approval or disapproval.
The legislative body of the local governmental unit, not more than 60 days after receipt of the application by the clerk, shall by resolution either approve or disapprove the application for a commercial facilities exemption certificate in accordance with section 10 and the other provisions of this act. The clerk shall…
Mich. Comp. Laws § 207.658
Commercial facilities exemption certificate; issuance; contents; effective date; filing; record.
(1) Following approval of the application by the legislative body of the local governmental unit, the clerk of the local governmental unit shall issue to the applicant a commercial facilities exemption certificate in the form the commission determines which shall contain: (a) A legal description of the real property on…
Mich. Comp. Laws § 207.659
Exemption from ad valorem property taxes; duration of certificate; review and extension of certificate; limitation; date of issuance of certificate of occupancy; basis of review; errors or mistakes; amended applications.
(1) A facility for which a commercial facilities exemption certificate is in effect, but not the land on which the facility is located or to be located, or personal property other than personal property assessed under section 14(6) of the general property tax act, 1893 PA 206, MCL 211.14, for the period on and after th…
Mich. Comp. Laws § 207.660
Finding and statement as to state equalized valuation of property proposed to be exempt; requirements for exemption certificate.
(1) If the state equalized valuation of property proposed to be exempt pursuant to an application under consideration, considered together with the aggregate state equalized valuation of property exempt under certificates previously granted and currently in force under this act or Act No. 198 of the Public Acts of 1974…
Mich. Comp. Laws § 207.661
Valuation of facilities and property by assessor.
The assessor of each city or township in which there is a restored facility, a new facility or a replacement facility with respect to which 1 or more commercial facilities exemption certificates are issued and in force shall determine annually as of December 31 the value of each facility separately, having the benefit…
Mich. Comp. Laws § 207.662
Commercial facilities tax; levy; amount; collection, disbursement, and assessment of tax; allocation; payment to state treasury and credit to state school aid fund; copy of amount of disbursement; facility located in renaissance zone; “casino” defined.
(1) Except as provided in subsection (9), there is levied upon every owner of a new, replacement, or restored facility to which a commercial facilities exemption certificate is issued a specific tax to be known as the commercial facilities tax. (2) The amount of the commercial facilities tax, in each year, for a restor…
Mich. Comp. Laws § 207.662a
Reduction in number of mills levied under state education tax act; limitation on number of exclusions.
(1) After the granting of a new commercial facilities exemption certificate under section 8 for a new facility or a replacement facility, the state treasurer may, for a period not to exceed 6 years, exclude up to 1/2 of the number of mills levied under the state education tax act, 1993 PA 331, MCL 211.901 to 211.906, f…
Mich. Comp. Laws § 207.663
Tax as lien upon real property; certificate of nonpayment and affidavit required for proceedings upon lien.
The amount of the tax applicable to real property, until paid, shall be a lien upon the real property to which the certificate is applicable; but only upon the filing by the officer of a certificate of nonpayment of the commercial facilities tax applicable to real property, together with an affidavit of proof of servic…
Mich. Comp. Laws § 207.664
Grounds for revocation of exemption.
The legislative body of the local governmental unit may revoke the exemption if it finds that the completion of the facility has not occurred within 2 years after the effective date of the exemption certificate or a greater time as authorized by the legislative body for good cause, or that the holder of the exemption h…
Mich. Comp. Laws § 207.665
Transfer or assignment of certificate; approval; notice and hearing.
A commercial facilities exemption certificate may be transferred and assigned by the holder of the certificate to a new owner or lessee of the facility but only with the approval of the local governmental unit after application by the new owner or lessee, and notice and hearing in the manner provided in section 6 for t…
Mich. Comp. Laws § 207.666
Report on status of exemption.
Each governmental unit granting a commercial redevelopment exemption not later than June 15 each year shall report to the commission on the status of each exemption, including the current value of the property to which the exemption pertains, the value on which the commercial facilities tax is based, and a current esti…
Mich. Comp. Laws § 207.667
Report on utilization of commercial redevelopment districts; economic analysis of costs and benefits.
(1) The department of commerce annually shall prepare and submit to the taxation and economic development and energy committees of the house of representatives and the finance and corporations and economic development committees of the senate a report on the utilization of commercial redevelopment districts, based on t…
Mich. Comp. Laws § 207.668
Limitation on new exemptions; continuation of exemption.
A new exemption must not be granted under this act after December 31, 2035, but an exemption in effect on that date continues until the expiration of the exemption certificate.