MCL - Act 255 of 1978


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.

The People of the State of Michigan enact:
Document Type Description
Section 207.651 Section Short title.
Section 207.652 Section Meanings of words and phrases.
Section 207.653 Section Meanings of words and phrases.
Section 207.654 Section Definitions; L to T.
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.