Michigan Compiled Laws Act 210 Of 2005 Commercial Rehabilitation Act (207.841 - 207.856)

AN ACT to provide for the establishment of commercial 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 qualified 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 governmental officials; and to provide penalties.

History: 2005, Act 210, Imd. Eff. Nov. 17, 2005

Section 207.841 Short Title.
This act shall be known and may be cited as the "commercial rehabilitation act". History: 2005, Act 210, Imd. Eff. Nov. 17, 2005
Section 207.842 Definitions.
As used in this act: (a) "Commercial property" means land improvements classified by law for general ad valorem tax purposes as real property including...
Section 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...
Section 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...
Section 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...
Section 207.846 Commercial Rehabilitation Exemption Certificate; Issuance; Form; Contents; Effective Date; Maintenance Of Record And Copies.
(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 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...
Section 207.848 Separate Finding; Contents; Compliance; Requirements; Applicability.
(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 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...
Section 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...
Section 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....
Section 207.852 Commercial Rehabilitation Exemption Certificate; Revocation.
The legislative body of the qualified local governmental unit may, by resolution, revoke the commercial rehabilitation exemption certificate of a facility if it finds...
Section 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...
Section 207.854 Status Report By Local Government.
Not later than October 15 each year, each qualified local governmental unit granting a commercial rehabilitation exemption shall report to the commission on the...
Section 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...
Section 207.856 Exemption Not Granted After December 31, 2015.
A new exemption shall not be granted under this act after December 31, 2015, but an exemption then in effect shall continue until the...

Last modified: October 10, 2016