June 5, 2008, Introduced by Rep. Rocca and referred to the Committee on Commerce.
A bill to amend 1974 PA 198, entitled
"An act to provide for the establishment of plant rehabilitation
districts and industrial development 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 impose and provide for the disposition of an
administrative fee; 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
penalties,"
by amending section 16a (MCL 207.566a), as added by 1996 PA 94.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 16a. If an industrial facilities exemption certificate
for a replacement facility, a new facility, or a speculative
building becomes effective after December 31, 1995, for a period
shorter than the maximum period permitted under section 16, then
both of the following apply:
(a) The owner or lessee of the replacement facility, new
facility, or speculative building may, within the final year in
which the certificate is effective or within 12 months after the
certificate expires, apply for another certificate under this act.
If the legislative body of a local governmental unit disapproves an
application submitted under this subdivision, then the applicant
has no right of appeal of that decision as described in section 6.
(b) The legislative body of a local governmental unit shall
not approve applications for certificates the sum of whose periods
exceeds the maximum permitted under section 16 for the user or
lessee of a replacement facility, new facility, or speculative
building.