Introduced
by
To authorize the creation of local commercial rehabilitation districts by local governments in high-vacancy commercial districts (such as older shopping malls like Summit Place Mall in Oakland County), in which owners of commercial structures would be eligible for reduced property tax rates. Essentially, if a mall is renovated, the property tax would be frozen for up to 10 years at the level it was before the renovation.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 108 to 0 (details)
Referred to the Committee on Economic Development, Small Business, and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To authorize the creation of local commercial rehabilitation districts by local governments in high-vacancy commercial districts (such as older shopping malls like Summit Place Mall in Oakland County), in which owners of commercial structures would be eligible for reduced property tax rates. Essentially, if a mall is renovated, the property tax would be frozen for up to 10 years at the level it was before the renovation.
