Sec. 15.
(1) The department annually shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic development issues a report on the utilization of commercial rehabilitation districts, based on the information filed with the commission.
(2) After this act has been in effect for 3 years, the department shall prepare and submit to the committees of the house of representatives and senate responsible for tax policy and economic development issues an economic analysis of the costs and benefits of this act in the 3 qualified local governmental units in which it has been most heavily utilized.
History: 2005, Act 210, Imd. Eff. Nov. 17, 2005
Structure Michigan Compiled Laws
Act 210 of 2005 - Commercial Rehabilitation Act (207.841 - 207.856)
Section 207.841 - Short Title.
Section 207.842 - Definitions.
Section 207.848 - Separate Finding; Contents; Compliance; Requirements; Applicability; Exception.
Section 207.849 - Determining Value of Each Qualified Facility.
Section 207.853 - Transfer and Assignment of Certificate.
Section 207.854 - Status Report by Local Government.
Section 207.855 - Report to Legislature.
Section 207.856 - Exemption Not Granted After December 31, 2025.