SENATE BILL NO. 493

September 04, 2019, Introduced by Senators STAMAS and HORN and referred to the Committee on Economic and Small Business Development.

A bill to amend 2005 PA 210, entitled

"Commercial rehabilitation act,"

by amending section 16 (MCL 207.856), as amended by 2015 PA 218.

the people of the state of michigan enact:

Sec. 16. A new exemption shall not be granted under this act after December 31, 2020, 2025, but an exemption then in effect shall continue until the expiration of the exemption certificate.