Mich. Comp. Laws § 207.841
Short title.
This act shall be known and may be cited as the "commercial rehabilitation act".
Michigan Compiled Laws — COMMERCIAL REHABILITATION ACT (Act 210 of 2005)
Michigan · statute · 210 of 2005, Mich. Comp. Laws · 16 active provisions
Mich. Comp. Laws § 207.842
Definitions.
As used in this act: (a) "Commencement" of the rehabilitation means the date the first building or other trade permit is issued related to the rehabilitation of the qualified facility, unless sufficient documented proof can be provided to show that rehabilitation did not start until a later date. Commencement of the re…
Mich. Comp. Laws § 207.843
Commercial rehabilitation district; establishment by qualified rehabilitation district; adoption of resolution; notice and opportunity for hearing; findings and determination; rejection.
(1) A qualified local governmental unit, by resolution of its legislative body, may establish 1 or more qualified rehabilitation districts that may consist of 1 or more parcels or tracts of land or a portion of a parcel or tract of land, if at the time the resolution is adopted, the parcel or tract of land or portion o…
Mich. Comp. Laws § 207.844
Commercial rehabilitation exemption certificate; filing application by owner of qualified facility; notice and hearing.
(1) If a commercial rehabilitation district is established under section 3, the owner of a qualified facility may file an application for a commercial rehabilitation exemption certificate with the clerk of the qualified local governmental unit that established the commercial rehabilitation district. The application sha…
Mich. Comp. Laws § 207.845
Commercial rehabilitation exemption certificate; approval or disapproval of application.
The legislative body of the qualified 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 rehabilitation exemption certificate in accordance with section 8 and the other provisions of this act. Th…
Mich. Comp. Laws § 207.846
Commercial rehabilitation exemption certificate; issuance; form; contents; effective date; maintenance of record and copies; errors or mistakes; amended applications.
(1) Not more than 60 days after receipt of a copy of the application and resolution adopted under section 5, the commission shall approve or disapprove the resolution. (2) Following approval of the application by the legislative body of the qualified local governmental unit and the commission, the commission shall issu…
Mich. Comp. Laws § 207.847
Exemption of qualified facility from tax; duration of force and effect of certificate; commencement; date of issuance; extension.
(1) A qualified facility for which a commercial rehabilitation exemption certificate is in effect, but not the land on which the rehabilitated facility is located, or personal property other than personal property assessed under sections 8(d) and 14(6) of the general property tax act, 1893 PA 206, MCL 211.8 and 211.14,…
Mich. Comp. Laws § 207.848
Separate finding; contents; compliance; requirements; applicability; exception.
(1) If the taxable value of the property proposed to be exempt pursuant to an application under consideration, considered together with the aggregate taxable value of property exempt under certificates previously granted and currently in force under this act or under 1974 PA 198, MCL 207.551 to 207.572, exceeds 5% of t…
Mich. Comp. Laws § 207.849
Determining value of each qualified facility.
The assessor of each qualified local governmental unit in which there is a qualified facility with respect to which 1 or more commercial rehabilitation exemption certificates have been issued and are in force shall determine annually as of December 31 the value and taxable value, both for real and personal property, of…
Mich. Comp. Laws § 207.850
Commercial rehabilitation tax; determination of amount; payment; exemption; qualified retail food establishment; certificate issued before December 31, 2009.
(1) There is levied upon every owner of a qualified facility to which a commercial rehabilitation exemption certificate is issued a specific tax to be known as the commercial rehabilitation tax. (2) Except as otherwise provided in subsection (8), the amount of the commercial rehabilitation tax, in each year, shall be d…
Mich. Comp. Laws § 207.851
Lien.
The amount of the tax applicable to real property, until paid, is a lien upon the real property to which the certificate is applicable. Proceedings upon the lien as provided by law for the foreclosure in the circuit court of mortgage liens upon real property may commence only upon the filing by the appropriate collecti…
Mich. Comp. Laws § 207.852
Commercial rehabilitation exemption certificate; revocation; transfer to subsequent owner.
(1) The legislative body of the qualified local governmental unit may, by resolution, revoke the commercial rehabilitation exemption certificate of a facility if it finds that the completion of rehabilitation of the qualified facility has not occurred within the time authorized by the legislative body in the exemption…
Mich. Comp. Laws § 207.853
Transfer and assignment of certificate.
A commercial rehabilitation exemption certificate may be transferred and assigned by the holder of the certificate to a new owner of the qualified facility if the qualified local governmental unit approves the transfer after application by the new owner.
Mich. Comp. Laws § 207.854
Status report by local government.
Not later than June 15 each year, each qualified local governmental unit granting a commercial rehabilitation exemption shall report to the commission on the status of each exemption. The report must include the current value of the property to which the exemption pertains, the value on which the commercial rehabilitat…
Mich. Comp. Laws § 207.855
Report to legislature.
(1) The department annually shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic development issues a report on the utilization of commercial rehabilitation districts, based on the information filed with the commission. (2) After this act has been…
Mich. Comp. Laws § 207.856
Exemption not granted after December 31, 2035
A new exemption shall 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.