Michigan Compiled Laws Act 255 Of 1978 Commercial Redevelopment Act (207.651 - 207.668)

AN ACT to provide for the establishment of commercial redevelopment districts in 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 the state tax commission and certain officers of local governmental units; and to provide remedies and penalties.

History: 1978, Act 255, Imd. Eff. June 21, 1978

Compiler's Notes: For transfer of powers and duties under the commercial redevelopment act from the department of commerce to the chief executive officer of the Michigan jobs commission, see E.R.O. No. 1996-2, compiled at MCL 445.2001 of the Michigan Compiled Laws.

Section 207.651 Short Title.
This act shall be known and may be cited as the “commercial redevelopment act”. History: 1978, Act 255, Imd. Eff. June 21, 1978 Compiler's...
Section 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...
Section 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...
Section 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...
Section 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...
Section 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...
Section 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...
Section 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...
Section 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.
(1) A facility for which a commercial facilities exemption certificate is in effect, but not the land on which the facility is located or...
Section 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...
Section 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...
Section 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...
Section 207.662a Reduction In Number Of Mills Levied Under State Education Tax Act; Limitation On Number Of Exclusions.
(1) Within 60 days after the granting of a new commercial facilities exemption certificate under section 8 for a new or a replacement facility,...
Section 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...
Section 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...
Section 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...
Section 207.666 Report On Status Of Exemption.
Each governmental unit granting a commercial redevelopment exemption not later than October 15 each year shall report to the commission on the status of...
Section 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...
Section 207.668 Limitation On New Exemptions; Continuation Of Exemption.
A new exemption shall not be granted under this act after December 31, 2020, but an exemption then in effect shall continue until the...

Last modified: October 10, 2016