Sec. 16.
Each governmental unit granting a commercial redevelopment exemption not later than October 15 each year shall report to the commission on the status of each exemption, including the current value of the property to which the exemption pertains, the value on which the commercial facilities tax is based, and a current estimate of the number of jobs retained or created by the exemption.
History: 1978, Act 255, Imd. Eff. June 21, 1978
Structure Michigan Compiled Laws
Act 255 of 1978 - Commercial Redevelopment Act (207.651 - 207.668)
Section 207.651 - Short Title.
Section 207.652 - Meanings of Words and Phrases.
Section 207.653 - Meanings of Words and Phrases.
Section 207.654 - Definitions; L to T.
Section 207.661 - Valuation of Facilities and Property by Assessor.
Section 207.664 - Grounds for Revocation of Exemption.
Section 207.665 - Transfer or Assignment of Certificate; Approval; Notice and Hearing.
Section 207.666 - Report on Status of Exemption.
Section 207.668 - Limitation on New Exemptions; Continuation of Exemption.