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HB-5847, As Passed House, November 30, 2006

SUBSTITUTE FOR

HOUSE BILL NO. 5847

A bill to amend 1996 PA 376, entitled

"Michigan renaissance zone act,"

by amending section 8a (MCL 125.2688a), as amended by 2006 PA 440.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 8a. (1) Except as provided in subsections (2), (3), and

(4), the board shall not designate more than 9 additional

renaissance zones within this state under this section. Not more

than 6 of the renaissance zones shall be located in urban areas and

not more than 5 of the renaissance zones shall be located in rural

areas. For purposes of determining whether a renaissance zone is

located in an urban area or rural area under this section, if any

part of a renaissance zone is located within an urban area, the

entire renaissance zone shall be considered to be located in an

House Bill No. 5847 (H-2) as amended November 30, 2006

urban area.

(2) The board of the Michigan strategic fund described in

section 4 of the Michigan strategic fund act, 1984 PA 270, MCL

125.2004, may designate not more than 10 [13] additional

renaissance zones within this state in 1 or more cities, villages,

or townships if that city, village, or township or combination of

cities, villages, or townships consents to the creation of a

renaissance zone within their boundaries. The board of the Michigan

strategic fund may designate not more than 1 of the 10 [13]

additional renaissance zones described in this subsection as an

alternative energy zone. An alternative energy zone shall promote

and increase the research, development, and manufacturing of

alternative energy technology as that term is defined in the

Michigan next energy authority act. An alternative energy zone

shall have a duration of renaissance zone status for a period not

to exceed 20 years as determined by the board of the Michigan

strategic fund. Not later than April 16, 2004, the board of the

Michigan strategic fund may designate not more than 1 of the 10

[13] additional renaissance zones described in this subsection as a

pharmaceutical renaissance zone. A pharmaceutical renaissance zone

shall promote and increase the research, development, and

manufacturing of pharmaceutical products of an eligible

pharmaceutical company. The board of the Michigan strategic fund

may designate not more than 5 [8] of the additional 10 [13]

renaissance zones described in this subsection as a redevelopment

renaissance zone. A redevelopment renaissance zone shall promote

the redevelopment of existing industrial facilities [OR THE DEVELOPMENT

OF INDUSTRIAL PROPERTY]. Before

designating a renaissance zone under this subsection, the board of

the Michigan strategic fund may enter into a development agreement

with the city, township, or village in which the renaissance zone

will be located.

(3) In addition to the not more than 9 additional renaissance

zones described in subsection (1), the board may designate

additional renaissance zones within this state in 1 or more

qualified local governmental units if that qualified local

governmental unit or units contain a military installation that was

operated by the United States department of defense and was closed

in 1977 or after 1990.

(4) Land owned by a county or the qualified local governmental

unit or units adjacent to a zone as described in subsection (3) may

be included in this zone.

(5) Notwithstanding any other provision of this act, property

located in the alternative energy zone that is classified as

commercial real property under section 34c of the general property

tax act, 1893 PA 206, MCL 211.34c, and that the authority, with the

concurrence of the assessor of the local tax collecting unit,

determines is not used to directly promote and increase the

research, development, and manufacturing of alternative energy

technology is not eligible for any exemption, deduction, or credit

under section 9.

(6) As used in this section:

(a) "Eligible pharmaceutical company" means a company that

meets all of the following criteria:

(i) Is engaged primarily in manufacturing, research and

development, and sale of pharmaceuticals.

(ii) Has not less than 8,499 employees located in this state,

all of whom are located within a 100-mile radius of each other.

(iii) Of the total number of employees located in this state,

has not less than 4,800 engaged primarily in research and

development of pharmaceuticals.

(b) "Redevelopment renaissance zone" means a renaissance zone

that meets 1 of the following:

(i) All of the following:

(A) Is located in a city with a population of more than 7,500

and less than 8,500 and is located in a county with a population of

more than 60,000 and less than 70,000.

(B) Contains only all or a portion of an industrial site of

200 or more acres.

(ii) All of the following:

(A) Is located in a city with a population of more than 13,000

and less than 14,000 and is located in a county with a population

of more than 1,000,000 and less than 1,300,000.

(B) Contains only all or a portion of an industrial site of

300 or more contiguous acres.

(iii) All of the following:

(A) Is located in a township with a population of more than

5,500 and is located in a county with a population of less than

24,000.

(B) Contains only all or a portion of an industrial site of

more than 850 acres and has railroad access.

(iv) All of the following:

House Bill No. 5847 (H-2) as amended November 30, 2006

(A) Is located in a city with a population of more than 40,000

and less than 44,000 and is located in a county with a population

of more than 81,000 and less than 87,000.

(B) Contains only all or a portion of an industrial site of

more than 475 acres.

(v) All of the following:

(A) Is located in a city with a population of more than 21,000

and less than 26,000 and is located in a county with a population

of more than 573,000 and less than 625,000.

(B) Contains only all or a portion of an industrial site of

less than 45 acres in size.

(vi) All of the following:

(A) Is located in a city with a population of more than

190,000 and less than 250,000 and is located in a county with a

population of more than 573,000 and less than 625,000.

(B) Contains only all or a portion of an industrial site of

more than 14 acres and less than 16 acres in size.

or before April 1, 2007.

[(vii) ALL OF THE FOLLOWING:

(A) IS LOCATED IN A CITY WITH A POPULATION OF MORE THAN 35,500 AND LESS THAN 36,800 AND IS LOCATED IN A COUNTY WITH A POPULATION OF MORE THAN 157,000 AND LESS THAN 162,000.

(B) CONTAINS ONLY ALL OR A PORTION OF AN INDUSTRIAL SITE COMPRISED OF 1 OR MORE ADJACENT PARCELS TOTALING 5 OR MORE ACRES.

(viii) ALL OF THE FOLLOWING:

(A) IS LOCATED IN A CITY WITH A POPULATION OF MORE THAN 40,000 AND LESS THAN 44,000 AND IS LOCATED IN A COUNTY WITH A POPULATION OF MORE THAN 81,000 AND LESS THAN 87,000.

(B) CONTAINS ONLY ALL OR A PORTION OF AN INDUSTRIAL SITE COMPRISED OF 1 OR MORE ADJACENT PARCELS TOTALING 100 OR MORE ACRES.