HOUSE BILL No. 6189


     September 24, 1998, Introduced by Reps. Tesanovich, Prusi, Hale, Anthony, DeVuyst, Scott and Parks and referred to the Committee on Urban Policy and Economic Development.


        A bill to amend 1996 PA 376, entitled

   "Michigan renaissance zone act,"

   by amending section 6 (MCL 125.2686).

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         Sec. 6.  (1) The board shall review all recommendations sub-

 2    mitted by the review board and determine which applications meet

 3    the criteria contained in section 7.

 4         (2) The board shall do all of the following:

 5         (a) Designate renaissance zones.

 6         (b) Subject to subsection (3), approve or reject the dura-

 7    tion of renaissance zone status as submitted in the application,

 8    not to exceed 15 years, EXCEPT AS PROVIDED IN SUBSECTION (6).

 9         (c) Subject to subsection (3), approve or reject the

10    geographic boundaries and the total area of the renaissance zone

11    as submitted in the application.


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 1         (3) The board shall not alter the geographic boundaries of

 2    the renaissance zone or the duration of renaissance zone status

 3    described in the application unless the qualified local govern-

 4    mental unit or units and the local governmental unit or units in

 5    which the renaissance zone is to be located consent by resolution

 6    to the alteration.

 7         (4) The board shall not designate a renaissance zone before

 8    November 1, 1996 or after December 31, 1996.

 9         (5) The designation of a renaissance zone under this act

10    shall take effect on January 1, 1997.  However, for purposes of

11    the taxes exempted under section 9(2), the designation of a

12    renaissance zone under this act shall take effect on December 31,

13    1996.

14         (6) BY RESOLUTION, A QUALIFIED LOCAL GOVERNMENTAL UNIT IN

15    WHICH A RENAISSANCE ZONE IS LOCATED MAY EXTEND THE EXEMPTION,

16    DEDUCTION, OR CREDIT DESCRIBED IN SECTION 9 UP TO 15 ADDITIONAL

17    YEARS TO A BUSINESS THAT IS LOCATED IN AND CONDUCTS BUSINESS

18    ACTIVITY IN THAT RENAISSANCE ZONE OR TO A PERSON WHO OWNS REAL

19    PROPERTY IN THAT RENAISSANCE ZONE, CLASSIFIED AS COMMERCIAL REAL

20    PROPERTY OR INDUSTRIAL REAL PROPERTY UNDER SECTION 34C OF THE

21    GENERAL PROPERTY TAX ACT, 1893 PA 206, MCL 211.34C.  A PERSON WHO

22    DESIRES TO EXTEND THE EXEMPTION, DEDUCTION, OR CREDIT AS PROVIDED

23    IN THIS SUBSECTION SHALL APPLY TO THE QUALIFIED LOCAL GOVERNMEN-

24    TAL UNIT IN WHICH THAT RENAISSANCE ZONE IS LOCATED.  IF THE QUAL-

25    IFIED LOCAL GOVERNMENTAL UNIT APPROVES THE EXTENSION, THE QUALI-

26    FIED LOCAL GOVERNMENTAL UNIT SHALL ENTER INTO A WRITTEN CONTRACT

27    WITH THE APPLICANT DESCRIBING THE TERMS AND CONDITIONS OF THE



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 1    EXTENSION AS DETERMINED BY THE QUALIFIED LOCAL GOVERNMENTAL

 2    UNIT.  IF 2 OR MORE QUALIFIED LOCAL GOVERNMENTAL UNITS APPLIED

 3    TOGETHER FOR AND RECEIVED RENAISSANCE ZONE STATUS, THEN EACH SEP-

 4    ARATE QUALIFIED LOCAL GOVERNMENTAL UNIT THAT APPLIED TOGETHER FOR

 5    RENAISSANCE ZONE STATUS SHALL PASS A RESOLUTION TO EXTEND THE

 6    EXEMPTION, DEDUCTION, OR CREDIT DESCRIBED IN THIS SUBSECTION

 7    BEFORE IT IS EFFECTIVE.










































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