2015 Senate Bill 556 / Public Act 218

Extend “commercial rehabilitation” tax break law

Introduced in the Senate

Oct. 6, 2015

Introduced by Sen. Ken Horn (R-32)

To extend indefinietly a “commercial rehabilitation act” that authorizes property tax breaks for owners of rehab projects involving commercial property selected by local government officials. The law was originally created with the developer of a moribund Oakland County mall in mind, and has been used to give these indirect subsidies to other developers as well.

Referred to the Committee on Economic Development and International Investment

Oct. 27, 2015

Reported without amendment

With the recommendation that the bill pass.

Nov. 4, 2015

Passed in the Senate 38 to 0 (details)

To extend for another five years a “commercial rehabilitation act” that authorizes property tax breaks for owners of rehab projects involving commercial property selected by local government officials. The law was originally created with the developer of a moribund Oakland County mall in mind, and has been used to give these indirect subsidies to other developers as well.

Received in the House

Nov. 4, 2015

Referred to the Committee on Government Operations

Nov. 5, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 2, 2015

Passed in the House 87 to 19 (details)

To extend for another five years a “commercial rehabilitation act” that authorizes property tax breaks for owners of rehab projects involving commercial property selected by local government officials. The law was originally created with the developer of a moribund Oakland County mall in mind, and has been used to give these indirect subsidies to other developers as well.

Signed by Gov. Rick Snyder

Dec. 15, 2015