Michigan Compiled Laws
Chapter 207 - Taxation
Act 255 of 1978 - Commercial Redevelopment Act (207.651 - 207.668)

Section 207.651 - Short Title. - Sec. 1. This act shall be known and may be...

Section 207.652 - Meanings of Words and Phrases. - Sec. 2. For the purposes of this act, the words...

Section 207.653 - Meanings of Words and Phrases. - Sec. 3. (1) "Commercial facilities tax" means the specific tax...

Section 207.654 - Definitions; L to T. - Sec. 4. (1) "Local governmental unit" means, except as otherwise...

Section 207.655 - Commercial Redevelopment District; Establishment; Resolution; Notice; Hearing; Finding and Determination; Applicability of District Established by Township; Exemption of Restored Facility; Commercial Property Included as Part of Com... - Sec. 5. (1) A local governmental unit, by resolution of...

Section 207.656 - Application for Commercial Facilities Exemption Certificate; Filing; Contents; Notice; Hearing; Determination of State Equalized Valuation of Property Owned by Local Governmental Unit on June 21, 1978, and Subsequently Conveyed to P... - Sec. 6. (1) The owner or lessee of a facility...

Section 207.657 - Application for Commercial Facilities Exemption Certificate; Approval or Disapproval. - Sec. 7. The legislative body of the local governmental unit,...

Section 207.658 - Commercial Facilities Exemption Certificate; Issuance; Contents; Effective Date; Filing; Record. - Sec. 8. (1) Following approval of the application by the...

Section 207.659 - Exemption From Ad Valorem Property Taxes; Duration of Certificate; Review and Extension of Certificate; Limitation; Date of Issuance of Certificate of Occupancy; Basis of Review. - Sec. 9. (1) A facility for which a commercial facilities...

Section 207.660 - Finding and Statement as to State Equalized Valuation of Property Proposed to Be Exempt; Requirements for Exemption Certificate. - Sec. 10. (1) If the state equalized valuation of property...

Section 207.661 - Valuation of Facilities and Property by Assessor. - Sec. 11. The assessor of each city or township in...

Section 207.662 - Commercial Facilities Tax; Levy; Amount; Collection, Disbursement, and Assessment of Tax; Allocation; Payment to State Treasury and Credit to State School Aid Fund; Copy of Amount of Disbursement; Facility Located in Renaissance Zon... - Sec. 12. (1) Except as provided in subsection (9), there...

Section 207.662a - Reduction in Number of Mills Levied Under State Education Tax Act; Limitation on Number of Exclusions. - Sec. 12a. (1) Within 60 days after the granting of...

Section 207.663 - Tax as Lien Upon Real Property; Certificate of Nonpayment and Affidavit Required for Proceedings Upon Lien. - Sec. 13. The amount of the tax applicable to real...

Section 207.664 - Grounds for Revocation of Exemption. - Sec. 14. The legislative body of the local governmental unit...

Section 207.665 - Transfer or Assignment of Certificate; Approval; Notice and Hearing. - Sec. 15. A commercial facilities exemption certificate may be transferred...

Section 207.666 - Report on Status of Exemption. - Sec. 16. Each governmental unit granting a commercial redevelopment exemption...

Section 207.667 - Report on Utilization of Commercial Redevelopment Districts; Economic Analysis of Costs and Benefits. - Sec. 17. (1) The department of commerce annually shall prepare...

Section 207.668 - Limitation on New Exemptions; Continuation of Exemption. - Sec. 18. A new exemption shall not be granted under...