Michigan Compiled Laws Act 146 Of 2000 Obsolete Property Rehabilitation Act (125.2781 - 125.2797)

AN ACT to provide for the establishment of obsolete property rehabilitation districts in certain local governmental units; to provide for the exemption from certain taxes; to levy and collect a specific tax upon the owners of certain facilities; to provide for the disposition of the tax; to provide for the obtaining and transferring of an exemption certificate and to prescribe the contents of those certificates; to prescribe the powers and duties of certain local government officials; and to provide penalties.

History: 2000, Act 146, Imd. Eff. June 6, 2000

Section 125.2781 Short Title.
This act shall be known and may be cited as the “obsolete property rehabilitation act”. History: 2000, Act 146, Imd. Eff. June 6, 2000
Section 125.2782 Definitions.
As used in this act: (a) "Commercial housing property" means that portion of real property not occupied by an owner of that real property...
Section 125.2783 Obsolete Property Rehabilitation Districts; Creation; Conditions; Filing Written Request; Notice And Hearing; Finding And Determination.
(1) A qualified local governmental unit, by resolution of its legislative body, may establish 1 or more obsolete property rehabilitation districts that may consist...
Section 125.2784 Obsolete Property Rehabilitation Exemption Certificate; Application; Filing; Contents; Hearing; Determination Of Taxable Value.
(1) If an obsolete property rehabilitation district is established under section 3, the owner of obsolete property may file an application for an obsolete...
Section 125.2785 Approval Or Disapproval Of Resolution; Forward Copies.
The legislative body of the qualified local governmental unit, not more than 60 days after receipt of the application by the clerk, shall by...
Section 125.2786 Approval Or Disapproval Of Resolution By Commission; Certificate; Issuance; Form; Contents; Effective Date; Filing; Maintenance Of Record Of Certificates; Copy; Discovery Of Error Or Mistake In Application; Amended Application; Failure To Forward Approved Application; Duties Of Commission.
(1) Not more than 60 days after receipt of a copy of the application and resolution adopted under section 5, the commission shall approve...
Section 125.2787 Issuance Of Certificate; Tax Exemption; Time Period; Limitation; Commencement; Extension; Review.
(1) A rehabilitated facility for which an obsolete property rehabilitation exemption certificate is in effect, but not the land on which the rehabilitated facility...
Section 125.2788 Taxable Value Of Property Proposed To Be Exempt; Application; Limitation; Separate Finding By Legislative Body Of Qualified Local Governmental Unit; Statement; Requirements For Approval Of Application; Effective Date Of Certificate.
(1) If the taxable value of the property proposed to be exempt pursuant to an application under consideration, considered together with the aggregate taxable...
Section 125.2789 Value And Taxable Value Of Property; Annual Determination.
The assessor of each qualified local governmental unit in which there is a rehabilitated facility with respect to which 1 or more obsolete property...
Section 125.2790 Obsolete Properties Tax; Amount; Collection, Disbursement, And Assessment; Payment; Copy Of Disbursement Amount; Form; Property Located In Renaissance Zone; Exemption Of Rehabilitated Facility Of Qualified Start-up Business From Tax Collection; Resolution; "Qualified Start-up Business" Defined.
(1) There is levied upon every owner of a rehabilitated facility to which an obsolete property rehabilitation exemption certificate is issued a specific tax...
Section 125.2791 Lien; Proceedings.
The amount of the tax applicable to real property, until paid, is a lien upon the real property to which the certificate is applicable....
Section 125.2792 Revocation Of Certificate; Findings.
The legislative body of the qualified local governmental unit may, by resolution, revoke the obsolete property rehabilitation exemption certificate of a facility if it...
Section 125.2793 Transfer And Assignment Of Certificate.
An obsolete property rehabilitation exemption certificate may be transferred and assigned by the holder of the certificate to a new owner of the rehabilitated...
Section 125.2794 Report To Commission.
Not later than October 15 each year, each qualified local governmental unit granting an obsolete property rehabilitation exemption shall report to the commission on...
Section 125.2795 Report To Legislative Committees.
(1) The department annually shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic...
Section 125.2796 Exemption After December 31, 2016.
A new exemption shall not be granted under this act after December 31, 2016, but an exemption then in effect shall continue until the...
Section 125.2797 Exclusions; Limitation.
(1) Within 60 days after the granting of an obsolete property rehabilitation exemption certificate under section 6 for a rehabilitated facility, the state treasurer...

Last modified: October 10, 2016