SB-0275, As Passed Senate, October 30, 2003                                 

SUBSTITUTE FOR

SENATE BILL NO. 275

                                                                             A bill to amend 1996 PA 376, entitled                                             

"Michigan renaissance zone act,"                                            

by amending section 6 (MCL 125.2686), as amended by 2003 PA 93.             

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1       Sec. 6.  (1) The board shall review all recommendations                     

2   submitted by the review board and determine which applications              

3   meet the criteria contained in section 7.                                   

4       (2) The board shall do all of the following:                                

5       (a) Designate renaissance zones.                                            

6       (b) Subject to subsection (3), approve or reject the duration               

7   of renaissance zone status.                                                 

8       (c) Subject to subsection (3), approve or reject the                        

9   geographic boundaries and the total area of the renaissance zone            

10  as submitted in the application.                                            

11      (3) The board shall not alter the geographic boundaries of                  

1   the renaissance zone or the duration of renaissance zone status             

2   described in the application unless the qualified local                     

3   governmental unit or units and the local governmental unit or               

4   units in which the renaissance zone is to be located consent by             

5   resolution to the alteration.                                               

6       (4) The board shall not designate a renaissance zone under                  

7   section 8 before November 1, 1996 or after December 31, 1996.               

8       (5) The designation of a renaissance zone under this act                    

9   shall take effect on January 1 in the year following                        

10  designation.  However, for purposes of the taxes exempted under             

11  section 9(2), the designation of a renaissance zone under this              

12  act shall take effect on December 31 in the year of designation.            

13      (6) The board shall not designate a renaissance zone under                  

14  section 8a after December 31, 2002.                                         

15      (7) Through December 31, 2002, a qualified local governmental               

16  unit in which a renaissance zone was designated under section 8             

17  or 8a may modify the boundaries of that renaissance zone to                 

18  include contiguous parcels of property as determined by the                 

19  qualified local governmental unit and approval by the review                

20  board.  The additional contiguous parcels of property included in           

21  a renaissance zone under this subsection do not constitute an               

22  additional distinct geographic area under section 4(1)(d).  If              

23  the boundaries of the renaissance zone are modified as provided             

24  in this subsection, the additional contiguous parcels of property           

25  shall become part of the original renaissance zone on the same              

26  terms and conditions as the original designation of that                    

27  renaissance zone.                                                           

1   (8) Notwithstanding any other provisions of this act, before                

2   July 1, 2004, a qualified local governmental unit in which a                

3   renaissance zone was designated under section 8a(1) as a                    

4   renaissance zone located in a rural area may modify the                     

5   boundaries of that renaissance zone to include a contiguous                 

6   parcel of property as determined by the qualified local                     

7   governmental unit.  The contiguous parcel of property shall only            

8   include property that is less than .5 acres in size and that the            

9   qualified local governmental unit previously sought to have                 

10  included in the zone by submitting an application in February               

11  2002 that was not acted upon by the review board.  The additional           

12  contiguous parcel of property included in a renaissance zone                

13  under this subsection does not constitute an additional distinct            

14  geographic area under section 4(1)(d).  If the boundaries of the            

15  renaissance zone are modified as provided in this subsection, the           

16  additional contiguous parcel of property shall become part of the           

17  original renaissance zone on the same terms and conditions as the           

18  rest of the property in that renaissance zone.