Michigan Laws 207.855 – Report to legislature
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 207.855
- Commission: means the state tax commission created by 1927 PA 360, MCL 209. See Michigan Laws 207.842
- Department: means the department of treasury. 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
(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.