Economic development: commercial redevelopment; commercial redevelopment act; modify. Amends secs. 9, 12a, 16 & 18 of 1978 PA 255 (MCL 207.659 et seq.).

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Plain-English Summary

This bill amends an existing act concerning commercial redevelopment districts in Michigan. It changes how long commercial facilities exemption certificates can last, allowing for extensions up to a total of 12 years, and permits amended applications to correct errors. The bill also allows the state treasurer to reduce certain taxes for new or replacement facilities to promote economic growth and extends the deadline for granting new exemptions until December 31, 2035.

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D · PrimeJeremy Moss

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