August 13, 2003, Introduced by Reps. Condino, Newell, Kooiman, Palmer, Garfield, Hummel, Sheen, Milosch, Hoogendyk, Ward, Farrah, O'Neil, Huizenga, Hune and Richardville and referred to the Committee on Tax Policy.
A bill to amend 1978 PA 255, entitled
"Commercial redevelopment act,"
by amending section 16 (MCL 207.666).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 16. Each A
governmental unit granting a commercial
2 redevelopment exemption
not later than October 15 each year for
3 taxes levied before January 1, 2005 and not later than July 1 for
4 taxes levied after December 31, 2004 shall report to the
5 commission on the status
of each exemption. , including The
6 report shall include the current value of the property to which
7 the exemption pertains, the value on which the commercial
8 facilities tax is based, and a current estimate of the number of
9 jobs retained or created by the exemption.
10 Enacting section 1. This amendatory act does not take
11 effect unless Senate Bill No. _____ or House Bill No. 5010
1 (request no. 02479'03) of the 92nd Legislature is enacted into
2 law.