February 1, 2005, Introduced by Senator SWITALSKI and referred to the Committee on Economic Development, Small Business and Regulatory Reform.
A bill to amend 1992 PA 147, entitled
"Neighborhood enterprise zone act,"
by amending section 2 (MCL 207.772), as amended by 2004 PA 396.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 2. As used in this act:
(a) "Commission" means the state tax commission created by
1927 PA 360, MCL 209.101 to 209.107.
(b) "Condominium unit" means that portion of a structure
intended for separate ownership, intended for residential use, and
established pursuant to the condominium act, 1978 PA 59, MCL
559.101 to 559.276. Condominium units within a qualified historic
building may be held under common ownership.
(c) "Developer" means a person who is the owner of a new
facility at the time of construction or of a rehabilitated facility
at the time of rehabilitation for which a neighborhood enterprise
zone certificate is applied for or issued.
(d) "Local governmental unit" means a qualified local
governmental unit as that term is defined under section 2 of the
obsolete property rehabilitation act, 2000 PA 146, MCL 125.2782, or
a city adjoining a qualified local governmental unit as that term
is defined under section 2 of the obsolete property rehabilitation
act, 2000 PA 146, MCL 125.2782.
(e) "New facility" means a new structure or a portion of a new
structure that has as its primary purpose residential housing
consisting of 1 or 2 units, 1 of which is or will be occupied by an
owner as his or her principal residence. New facility includes a
model home or a model condominium unit. New facility includes a new
individual condominium unit, in a structure with 1 or more
condominium units, that has as its primary purpose residential
housing and that is or will be occupied by an owner as his or her
principal residence. New facility does not include apartments.
(f) "Neighborhood enterprise zone certificate" or
"certificate" means a certificate issued pursuant to sections 4, 5,
and 6.
(g) "Owner" means the record title holder of, or the vendee of
the original land contract pertaining to, a new facility or a
rehabilitated facility for which a neighborhood enterprise zone
certificate is applied for or issued.
(h) "Qualified historic building" means a property within a
neighborhood enterprise zone that has been designated a historic
resource as defined under section 266 of the income tax act of
1967, 1967 PA 281, MCL 206.266.
(i) "Rehabilitated facility" means an existing structure or a
portion of an existing structure with a current true cash value of
$80,000.00 or less per unit that has or will have as its primary
purpose residential housing, consisting of 1 to 8 units, the owner
of which proposes improvements that if done by a licensed
contractor would cost in excess of $5,000.00 per owner-occupied
unit or 50% of the true cash value, whichever is less, or $7,500.00
per nonowner-occupied unit or 50% of the true cash value, whichever
is less, or the owner proposes improvements that would be done by
the owner and not a licensed contractor and the cost of the
materials would be in excess of $3,000.00 per owner-occupied unit
or $4,500.00 per nonowner-occupied unit and will bring the
structure into conformance with minimum local building code
standards for occupancy or improve the livability of the units
while meeting minimum local building code standards. Rehabilitated
facility also includes an individual condominium unit, in a
structure with 1 or more condominium units that has as its primary
purpose residential housing, the owner of which proposes the above
described improvements. Rehabilitated facility also includes
existing or proposed condominium units in a qualified historic
building with 1 or more existing or proposed condominium units.
Rehabilitated facility does not include a facility rehabilitated
with the proceeds of an insurance policy for property or casualty
loss. A qualified historic building may contain multiple
rehabilitated facilities.