Section 125.2789 Value and Taxable Value of Property; Annual Determination.

MI Comp L § 125.2789 (2019) (N/A)

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Sec. 9.

The assessor of each qualified local governmental unit in which there is a rehabilitated facility with respect to which 1 or more obsolete property rehabilitation exemption certificates have been issued and are in force shall determine annually as of December 31 the value and taxable value, both for real and personal property, of each rehabilitated facility separately, having the benefit of a certificate and upon receipt of notice of the filing of an application for the issuance of a certificate, shall determine and furnish to the local legislative body the value and the taxable value of the property to which the application pertains and other information as may be necessary to permit the local legislative body to make the determinations required by section 8(2).

History: 2000, Act 146, Imd. Eff. June 6, 2000

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Section 125.2788 Taxable Value of Property Proposed to Be Exempt; Application; Limitation; Separate Finding by Legislative Body of Qualified Local Governmental Unit; Statement; Requirements for Approval of Application; Effective Date of Certificate.

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Section 125.2790 Obsolete Properties Tax; Amount; Collection, Disbursement, and Assessment; Payment; Copy of Disbursement Amount; Form; Property Located in Renaissance Zone; Exemption of Rehabilitated Facility of Qualified Start-Up Business From Tax Collection; Resolution; "Qualified Start-Up Business" Defined.