2005 House Bill 4369 ↩

Senate Roll Call 554: Passed

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.