HB-6203, As Passed Senate, July 21, 2010

SUBSTITUTE FOR

HOUSE BILL NO. 6203

     A bill to amend 2000 PA 146, entitled

"Obsolete property rehabilitation act,"

by amending sections 6 and 16 (MCL 125.2786 and 125.2796).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 6. (1) Not more than 60 days after receipt of a copy of

the application and resolution adopted under section 5, the

commission shall approve or disapprove the resolution.

     (2) Following approval of the application by the legislative

body of the qualified local governmental unit and the commission,

the commission shall issue to the applicant an obsolete property

rehabilitation exemption certificate in the form the commission

determines, which shall contain all of the following:

     (a) A legal description of the real property on which the

obsolete facility is located.

     (b) A statement that unless revoked as provided in this act

the certificate shall remain in force for the period stated in the

certificate.

     (c) A statement of the taxable value of the obsolete property,

separately stated for real and personal property, for the tax year

immediately preceding the effective date of the certificate after

deducting the taxable value of the land and personal property other

than personal property assessed pursuant to sections 8(d) and 14(6)

of the general property tax act, 1893 PA 206, MCL 211.8 and 211.14.

     (d) A statement of the period of time authorized by the

legislative body of the qualified local governmental unit within

which the rehabilitation shall be completed.

     (e) If the period of time authorized by the legislative body

of the qualified local governmental unit pursuant to subdivision

(d) is less than 12 years, the exemption certificate shall contain

the factors, criteria, and objectives, as determined by the

resolution of the qualified local governmental unit, necessary for

extending the period of time, if any.

     (3) The Except as otherwise provided in this section, the

effective date of the certificate is the December 31 immediately

following the date of issuance of the certificate.

     (4) The commission shall file with the clerk of the qualified

local governmental unit a copy of the obsolete property

rehabilitation exemption certificate, and the commission shall

maintain a record of all certificates filed. The commission shall

also send, by certified mail, a copy of the obsolete property

rehabilitation exemption certificate to the applicant and the

assessor of the local tax collecting unit in which the obsolete

property is located.

     (5) Notwithstanding any other provision of this act, if a

qualified local governmental unit passed a resolution approving an

application for an obsolete property rehabilitation exemption

certificate on November 5, 2008 for a rehabilitated facility

located in an obsolete property rehabilitation district established

on January 29, 2003 with rehabilitation commencing on July 24,

2007, the effective date of the certificate shall be December 31,

2008.

     Sec. 16. A new exemption shall not be granted under this act

after December 31, 2010 2016, but an exemption then in effect shall

continue until the expiration of the exemption certificate.