The bill amends the existing law regarding the establishment of commercial rehabilitation districts in Michigan, specifically addressing the criteria for qualified facilities and the process for obtaining commercial rehabilitation exemption certificates. Key definitions are clarified, including what constitutes "commercial property," "qualified facility," and "rehabilitation." The bill specifies that the commencement of rehabilitation is marked by the issuance of the first building or trade permit, excluding demolition activities. It also outlines the types of properties eligible for rehabilitation, such as those over 15 years old or previously used for commercial or industrial purposes, while explicitly excluding properties intended for professional sports stadiums or casinos.

Additionally, the bill details the process for applying for and maintaining commercial rehabilitation exemption certificates, including the timeline for approval and the reporting requirements for local governmental units. The exemptions from ad valorem property taxes are extended for a period determined by the local legislative body, not exceeding 12 years. Furthermore, the bill establishes that no new exemptions will be granted after December 31, 2035, although existing exemptions will remain in effect until their certificates expire. This legislation aims to encourage the rehabilitation of commercial properties and support local economic development.

Statutes affected:
Senate Introduced Bill: 207.842
As Passed by the Senate: 207.842
As Passed by the House: 207.842
Senate Enrolled Bill: 207.842