March 8, 2006, Introduced by Reps. Moolenaar, Caul, Kahn, Mayes and Moore and referred to the Committee on Commerce.
A bill to amend 1996 PA 376, entitled
"Michigan renaissance zone act,"
by amending section 8a (MCL 125.2688a), as amended by 2004 PA 430.
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
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 6 11
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 6 11 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 6 11
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 1 2 of
the
additional 6
11 renaissance zones described in this subsection as
a redevelopment renaissance zone. A redevelopment renaissance zone
shall promote the redevelopment of existing industrial facilities.
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 8,500 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 5,000 engaged primarily in research and
development of pharmaceuticals.
(b) "Redevelopment renaissance zone" means a renaissance zone
that
meets all 1
of the following:
(i) All of the following:
(A) (i) 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) (ii) Contains 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 40,000
and less then 44,000 and is located in a county with a population
of more than 81,000 and less than 87,000.
(B) Contains an industrial site of more than 475 acres.