HB-4815, As Passed House, June 8, 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 4815

 

May 19, 2005, Introduced by Reps. Pearce, Baxter, LaJoy, Pavlov, Nitz, Huizenga, Newell, Stahl, Gosselin, Stewart, Elsenheimer, Mortimer, Booher, Emmons, Nofs, Taub and Hildenbrand and referred to the Committee on Commerce.

 

     A bill to amend 1996 PA 376, entitled

 

"Michigan renaissance zone act,"

 

by amending section 8d (MCL 125.2688d), as amended by 2004 PA 202.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 8d. (1) The board of the Michigan strategic fund

 

described in section 4 of the Michigan strategic fund act, 1984 PA

 

270, MCL 125.2004, may designate not more than 20 tool and die

 

renaissance recovery zones within this state in 1 or more cities,

 

villages, or townships if that city, village, or township or

 

combination of cities, villages, or townships consents to the

 

creation of a recovery zone within their boundaries. A recovery

 

zone shall have a duration of renaissance zone status for a period

 

not to exceed 15 years as determined by the board of the Michigan


House Bill No. 4815 as amended June 7, 2005

 

strategic fund. A qualified tool and die business in a recovery

 

zone may have a different period of renaissance zone status than

 

other qualified tool and die businesses in the same recovery zone.

 

     (2) The board of the Michigan strategic fund may designate a

 

recovery zone within this state if the recovery zone consists only

 

of 1 or more parcels of qualified tool and die business property.

 

     (3) The board of the Michigan strategic fund may revoke the

 

designation of all or a portion of a recovery zone with respect to

 

1 or more qualified tool and die businesses if those qualified tool

 

and die businesses fail or cease to participate in or comply with a

 

qualified collaborative agreement.

 

     [(4) The board of the Michigan strategic fund may modify an existing

      

recovery zone to add 1 or more qualified tool and die businesses with the

 

consent of all other qualified tool and die businesses that are

 

participating in the recovery zone.  

 

                                                                    

 

                                                               

 

                                                              

 

                                                                

 

           

 

 

 

                                   

 

     (5)]  (4)  As used in this section:

 

     (a) "Qualified collaborative agreement" means an agreement

 

that demonstrates synergistic opportunities, including, but not

 

limited to, all of the following:

 

     (i) Sales and marketing efforts.


 

     (ii) Development of standardized processes.

 

     (iii) Development of tooling standards.

 

     (iv) Standardized project management methods.

 

     (v) Improved ability for specialized or small niche shops to

 

develop expertise and compete successfully on larger programs.

 

     (b) "Qualified tool and die business" means a business entity

 

that meets all of the following:

 

     (i) Has a North American industrial classification system

 

(NAICS) of 333511, 333512, 333513, 333514, or 333515; or has a

 

North American industrial classification system (NAICS) of 337215

 

and operates a facility within an existing renaissance zone, which

 

facility is adjacent to real property not located in a renaissance

 

zone and is located within 1/4 mile of a Michigan technical

 

education center.

 

     (ii) Has entered into a qualified collaboration agreement as

 

approved by the Michigan strategic fund with other business

 

entities that have a North American industrial classification

 

system (NAICS) of 333511, 333512, 333513, 333514, or 333515.

 

     (iii) Has less than 50 full-time employees.

 

     (c) "Qualified tool and die business property" means 1 or more

 

of the following:

 

     (i) Property owned by 1 or more qualified tool and die

 

businesses and used by those qualified tool and die businesses

 

primarily for tool and die business operations.

 

     (ii) Property leased by 1 or more qualified tool and die

 

business for which the qualified tool and die business is liable

 

for ad valorem property taxes and which is used by those qualified


 

tool and die businesses primarily for tool and die business

 

operations. The qualified tool and die business shall furnish proof

 

of its ad valorem property tax liability to the department of

 

treasury.

 

     (d) "Recovery zone" means a tool and die renaissance recovery

 

zone created in this section.