This bill amends the 1974 PA 198, which governs the establishment of plant rehabilitation and industrial development districts, as well as the associated tax exemptions and administrative processes. Key changes include the stipulation that the commission must revoke an industrial facilities exemption certificate upon receiving a certified mail request from the holder, either in whole or for specific components. The bill also allows local governmental units to request revocation of the certificate under certain conditions, such as failure to complete a facility within specified timeframes or improper use of a speculative building.

Additionally, the bill introduces new language specifying that speculative buildings must be used as manufacturing, warehousing, or distribution facilities. It clarifies the process for notifying relevant parties about revocation and provides for a hearing opportunity. The commission's order of revocation must now be effective on December 31 following the order date, and it allows for the reinstatement of revoked certificates under certain conditions, provided the facility continues to qualify. The bill also includes minor grammatical changes, such as replacing "which" with "that" in certain contexts.

Statutes affected:
House Introduced Bill: 207.565