SENATE BILL No. 1278

April 21, 2010, Introduced by Senator THOMAS and referred to the Committee on Appropriations.

A bill to amend 2007 PA 61, entitled

"Neighborhood improvement authority act,"

by amending section 3 (MCL 125.2913).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 3. As used in this act:

(a) "Operations" means office maintenance, including salaries

and expenses of employees, office supplies, consultation fees,

design costs, and other expenses incurred in the daily management

of the authority and planning of its activities.

(b) "Parcel" means an identifiable unit of land that is

treated as separate for valuation or zoning purposes.

pedestrian mall, and any improvements to a street, plaza, or

pedestrian mall including street furniture and beautification,

park, parking facility, recreational facility, right-of-way,

structure, waterway, bridge, lake, pond, canal, utility line or

pipe, or building, including access routes designed and dedicated

to use by the public generally, or used by a public agency. Public

facility includes an improvement to a facility used by the public

or a public facility as those terms are defined in section 1 of

1966 PA 1, MCL 125.1351, if the improvement complies with the

barrier free design requirements of the state construction code

promulgated under the Stille-DeRossett-Hale single state

construction code act, 1972 PA 230, MCL 125.1501 to 125.1531.

(d) "Residential district" means an area of a municipality

where 75% or more of the area is zoned for residential housing.

(e) "Specific local tax" means a tax levied under 1974 PA 198,

MCL 207.551 to 207.572, the commercial redevelopment act, 1978 PA

255, MCL 207.651 to 207.668, the technology park development act,

1984 PA 385, MCL 207.701 to 207.718, 1953 PA 189, MCL 211.181 to

211.182, the neighborhood enterprise zone act, 1992 PA 147, MCL

207.771 to 207.786, or the commercial rehabilitation act, 2005 PA

210, MCL 207.841 to 207.856. The initial assessed value or current

assessed value of property subject to a specific local tax shall be

the quotient of the specific local tax paid divided by the ad

valorem millage rate. The state tax commission shall prescribe the

method for calculating the initial assessed value and current

assessed value of property for which a specific local tax was paid

in lieu of a property tax.

(f) "State fiscal year" means the annual period commencing

~~October~~ July 1 of each year.

(g) "Tax increment revenues" means the amount of ad valorem

property taxes and specific local taxes attributable to the

application of the levy of all taxing jurisdictions upon the

captured assessed value of real and personal property in the

development area. Tax increment revenues do not include any of the

following:

(i) Taxes under the state education tax act, 1993 PA 331, MCL

211.901 to 211.906.

(ii) Taxes levied by local or intermediate school districts.

(iii) Ad valorem property taxes attributable either to a portion

of the captured assessed value shared with taxing jurisdictions

within the jurisdictional area of the authority or to a portion of

value of property that may be excluded from captured assessed value

or specific local taxes attributable to the ad valorem property

taxes.

(iv) Ad valorem property taxes excluded by the tax increment

financing plan of the authority from the determination of the

amount of tax increment revenues to be transmitted to the authority

or specific local taxes attributable to the ad valorem property

taxes.

(v) Ad valorem property taxes exempted from capture under

section 14(5) or specific local taxes attributable to those ad

valorem property taxes.

(vi) Ad valorem property taxes specifically levied for the

payment of principal and interest of obligations approved by the

electors or obligations pledging the unlimited taxing power of the