Michigan Compiled Laws
Act 255 of 1978 - Commercial Redevelopment Act (207.651 - 207.668)
Section 207.668 - Limitation on New Exemptions; Continuation of Exemption.

Sec. 18.
A new exemption shall not be granted under this act after December 31, 2025, but an exemption then in effect shall continue until the expiration of the exemption certificate.
History: 1978, Act 255, Imd. Eff. June 21, 1978 ;-- Am. 1983, Act 252, Imd. Eff. Dec. 29, 1983 ;-- Am. 1984, Act 342, Imd. Eff. Dec. 27, 1984 ;-- Am. 2008, Act 227, Imd. Eff. July 17, 2008 ;-- Am. 2020, Act 218, Imd. Eff. Oct. 15, 2020

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 207 - Taxation

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 207.655 - 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...

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...

Section 207.657 - Application for Commercial Facilities Exemption Certificate; Approval or Disapproval.

Section 207.658 - Commercial Facilities Exemption Certificate; Issuance; Contents; Effective Date; Filing; Record.

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.

Section 207.660 - Finding and Statement as to State Equalized Valuation of Property Proposed to Be Exempt; Requirements for Exemption Certificate.

Section 207.661 - Valuation of Facilities and Property by Assessor.

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...

Section 207.662a - Reduction in Number of Mills Levied Under State Education Tax Act; Limitation on Number of Exclusions.

Section 207.663 - Tax as Lien Upon Real Property; Certificate of Nonpayment and Affidavit Required for Proceedings Upon Lien.

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 207.667 - Report on Utilization of Commercial Redevelopment Districts; Economic Analysis of Costs and Benefits.

Section 207.668 - Limitation on New Exemptions; Continuation of Exemption.