SENATE BILL NO. 102 January 27, 1999, Introduced by Senators BULLARD, SCHWARZ, ROGERS, STEIL and SHUGARS and referred to the Committee on Finance. A bill to amend 1893 PA 206, entitled "The general property tax act," by amending section 9f (MCL 211.9f), as added by 1998 PA 328. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 Sec. 9f. (1) The governing body ofan eligible local2assessing districtA CITY OR TOWNSHIP may adopt a resolution to 3 provide for the exemption from taxation under this act of all new 4 personal propertyof anOWNED OR LEASED BY ALL eligible 5businessBUSINESSES located in an eligible district or dis- 6 tricts THAT HAS BEEN designated in the resolution. 7 (2)TheSUBJECT TO SUBSECTION (4), THE exemption under 8 this section shall become effective on the December 31next9followingIMMEDIATELY SUCCEEDING the approval of the resolution 10 by the governing body of theeligible local assessing district11 CITY OR TOWNSHIP and shall continue in effect for a period 01598'99 FDD 2 1 specified in the resolution. A copy of the resolution shall be 2 filed with the state tax commission and shall not become effec- 3 tive unless approved as provided in subsection (3). 4 (3) Within 60 days after receipt of a copy of the resolution 5 adopted pursuant to subsection (1), the state tax commission 6 shall approve or disapprove the resolution. The state treasurer, 7 with the written concurrence of thedepartment ofMichigan jobs 8 commission, shall advise the state tax commission as to whether 9 exemptingthenew personal property oftheALL eligible 10businessBUSINESSES IN THE ELIGIBLE DISTRICT OR DISTRICTS is 11 necessary to reduce unemployment, promote economic growth, and 12 increase capital investment intheTHIS state. 13 (4) IF AN ELIGIBLE BUSINESS RELOCATES MORE THAN 25 FULL-TIME 14 EQUIVALENT JOBS FROM 1 OR MORE LOCAL GOVERNMENTAL UNITS TO A CITY 15 OR TOWNSHIP THAT HAS ADOPTED A RESOLUTION PURSUANT TO SUBSECTION 16 (1), THE ELIGIBLE BUSINESS SHALL NOTIFY THE STATE TAX COMMISSION, 17 THE MICHIGAN JOBS COMMISSION, AND THE LOCAL GOVERNMENTAL UNIT 18 FROM WHICH THE JOBS ARE BEING RELOCATED OF THE RELOCATION. THE 19 ELIGIBLE BUSINESS IS NOT ELIGIBLE FOR THE EXEMPTION UNDER THIS 20 SECTION IF THE LOCAL GOVERNMENTAL UNIT FROM WHICH THE JOBS ARE 21 BEING RELOCATED ADOPTS A RESOLUTION OBJECTING TO THE RELOCATION 22 OF THE JOBS WITHIN 60 DAYS AFTER THE NOTIFICATION OF THE RELOCA- 23 TION BY THE ELIGIBLE BUSINESS. THE ELIGIBLE BUSINESS BECOMES 24 ELIGIBLE FOR THE EXEMPTION UNDER THIS SECTION WHEN THE LOCAL GOV- 25 ERNMENTAL UNIT THAT OBJECTED TO THE RELOCATION RESCINDS ITS 26 OBJECTION BY RESOLUTION. A LOCAL GOVERNMENTAL UNIT THAT OBJECTS 27 TO THE RELOCATION OF JOBS SHALL FILE A COPY OF ALL RESOLUTIONS OF 01598'99 3 1 OBJECTION AND RESCISSION WITH THE STATE TAX COMMISSION, THE 2 MICHIGAN JOBS COMMISSION, AND THE CITY OR TOWNSHIP INTO WHICH THE 3 JOBS ARE TRANSFERRED. 4 (5)(4)As used in this section: 5 (a) "EligiblebusinessBUSINESSES" meansthat term as6defined in the Michigan economic growth authority act, 19957PA 24, MCL 207.801 to 207.810BUSINESSES ENGAGED IN MANUFACTUR- 8 ING, MINING, RESEARCH AND DEVELOPMENT, WHOLESALE AND TRADE, OR 9 OFFICE OPERATIONS. ELIGIBLE BUSINESSES DO NOT INCLUDE RETAIL 10 ESTABLISHMENTS, PROFESSIONAL SPORTS STADIUMS, OR THAT PORTION OF 11 ELIGIBLE BUSINESSES USED EXCLUSIVELY FOR RETAIL SALES. 12 (b) "Eligible district" means any of the following: 13 (i) An industrial development district as that term is 14 defined in 1974 PA 198, MCL 207.551 to 207.572. 15 (ii) A renaissance zone as that term is defined in the 16 Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 17 125.2696. 18 (iii) An enterprise zone as that term is defined in the 19 enterprise zone act, 1985 PA 224, MCL 125.2101 to 125.2123. 20 (iv) A brownfield redevelopment zone as that term is defined 21 in the brownfield redevelopment financing act, 1996 PA 381, 22 MCL 125.2651 to 125.2672. 23 (v) An empowerment zone designated under subchapter U of 24 chapter 1 of the internal revenue code of 1986, 26 U.S.C. 1391 to 25 1397F. 01598'99 4 1 (vi) An authority district or a development area as those 2 terms are defined in the tax increment finance authority act, 3 1980 PA 450, MCL 125.1801 to 125.1830. 4 (vii) An authority district as that term is defined in the 5 local development financing act, 1986 PA 281, MCL 125.2151 to 6 125.2174. 7 (viii) A downtown district or a development area as those 8 terms are defined in 1975 PA 197, MCl 125.1651 to 125.1681. 9(c) "Eligible distressed area" means that term as defined10in section 11 of the state housing development authority act of111966, 1966 PA 346, MCL 125.1411.12(d) "Eligible local assessing district" means a city, vil-13lage, or township that contains an eligible distressed area.14 (C)(e)"New personal property" means personal property 15 that was not previously subject to tax under this act and that is 16 placed intheAN eligible district after a resolution under 17 subsection (1) is approved by theeligible local assessing18districtCITY OR TOWNSHIP. 01598'99 Final page. 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