Sec. 17.
(1) The department of commerce annually shall prepare and submit to the taxation and economic development and energy committees of the house of representatives and the finance and corporations and economic development committees of the senate a report on the utilization of commercial redevelopment districts, based on the information filed with the commission.
(2) After this act has been in effect for 3 years, the department of commerce shall prepare and submit to the taxation and economic development committees of the house of representatives and the finance and corporations and economic development committees of the senate an indepth economic analysis of the costs and benefits of this act in the 3 communities where it has been most heavily utilized as determined by dollars of state equalized valuation foregone.
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.