Michigan Laws 207.854 – Status report by local government
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 207.854
- Commercial rehabilitation tax: means the specific tax levied under this act. See Michigan Laws 207.842
- Commission: means the state tax commission created by 1927 PA 360, MCL 209. See Michigan Laws 207.842
- Qualified local governmental unit: means a city, village, or township. See Michigan Laws 207.842
- Rehabilitation: means changes to a qualified facility that are required to restore or modify the property, together with all appurtenances, to an economically efficient condition. See Michigan Laws 207.842
Not later than October 15 each year, each qualified local governmental unit granting a commercial rehabilitation exemption shall report to the commission on the status of each exemption. The report must include the current value of the property to which the exemption pertains, the value on which the commercial rehabilitation tax is based, and a current estimate of the number of jobs retained or created by the exemption.