COMMERCIAL REDEVELOPMENT ACT
Act 255 of 1978
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.
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
| Section 207.651 | Section | Short title. |
| Section 207.652 | Section | Meanings of words and phrases. |
| Section 207.653 | Section | Definitions; C to F. |
| Section 207.654 | Section | Definitions; L to S. |
| Section 207.655 | Section | 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. |
| Section 207.656 | Section | 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. |
| Section 207.657 | Section | Application for commercial facilities exemption certificate; approval or disapproval. |
| Section 207.658 | Section | Commercial facilities exemption certificate; issuance; contents; effective date; filing; record. |
| Section 207.659 | Section | 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. |
| Section 207.660 | Section | Finding and statement as to state equalized valuation of property proposed to be exempt; requirements for exemption certificate. |
| Section 207.661 | Section | Valuation of facilities and property by assessor. |
| Section 207.662 | Section | 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. |
| Section 207.662a | Section | Reduction in number of mills levied under state education tax act; limitation on number of exclusions. |
| Section 207.663 | Section | Tax as lien upon real property; certificate of nonpayment and affidavit required for proceedings upon lien. |
| Section 207.664 | Section | Grounds for revocation of exemption. |
| Section 207.665 | Section | Transfer or assignment of certificate; approval; notice and hearing. |
| Section 207.666 | Section | Report on status of exemption. |
| Section 207.667 | Section | Report on utilization of commercial redevelopment districts; economic analysis of costs and benefits. |
| Section 207.668 | Section | Limitation on new exemptions; continuation of exemption. |