Introduced
by
To revise the law that authorized local “land bank” authorities with the power to assemble and dispose of abandoned, tax reverted property, so as to authorize an eight-year, 50 percent tax cut for eight years to property acquired from the combined Detroit/Wayne County authority proposed by the package (rather than five years for other authorities), with certain exceptions.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 2 (details)
Referred to the Committee on Commerce
