Sec. 14.
Not later than October 15 each year, each qualified local governmental unit granting an obsolete property rehabilitation exemption shall report to the commission on the status of each exemption. The report must include the current value of the property to which the exemption pertains, the value on which the obsolete property rehabilitation tax is based, a current estimate of the number of jobs retained or created by the exemption, and a current estimate of the number of new residents occupying commercial housing property units covered by the exemption.
History: 2000, Act 146, Imd. Eff. June 6, 2000
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 146 of 2000 - Obsolete Property Rehabilitation Act (125.2781 - 125.2797)
Section 125.2781 - Short Title.
Section 125.2782 - Definitions.
Section 125.2785 - Approval or Disapproval of Resolution; Forward Copies.
Section 125.2789 - Value and Taxable Value of Property; Annual Determination.
Section 125.2791 - Lien; Proceedings.
Section 125.2793 - Transfer and Assignment of Certificate.
Section 125.2794 - Report to Commission.
Section 125.2795 - Report to Legislative Committees.