Bill Text: MI SB0556 | 2015-2016 | 98th Legislature | Enrolled
Bill Title: Economic development; other; commercial rehabilitation act; extend sunset. Amends sec. 16 of 2005 PA 210 (MCL 207.856).
Spectrum: Bipartisan Bill
Status: (Passed) 2015-12-18 - Assigned Pa 0218'15 With Immediate Effect [SB0556 Detail]
Download: Michigan-2015-SB0556-Enrolled.html
STATE OF MICHIGAN
98TH LEGISLATURE
REGULAR SESSION OF 2015
Introduced by Senators Horn and Bieda
ENROLLED SENATE BILL No. 556
AN ACT to amend 2005 PA 210, entitled “An act to provide for the establishment of commercial rehabilitation districts in certain local governmental units; to provide for the exemption from certain taxes; to levy and collect a specific tax upon the owners of certain qualified 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 certain local governmental officials; and to provide penalties,” by amending section 16 (MCL 207.856).
The People of the State of Michigan enact:
Sec. 16. A new exemption shall not be granted under this act after December 31, 2020, but an exemption then in effect shall continue until the expiration of the exemption certificate.
This act is ordered to take immediate effect.
Secretary of the Senate
Clerk of the House of Representatives
Approved
Governor
