SENATE BILL NO. 494

September 04, 2019, Introduced by Senators STAMAS and HORN and referred to the Committee on Economic and Small Business Development.

A bill to amend 1978 PA 255, entitled

"Commercial redevelopment act,"

by amending section 18 (MCL 207.668), as amended by 2008 PA 227.

the people of the state of michigan enact:

Sec. 18. A new exemption shall not be granted under this act after December 31, 2020, 2025, but an exemption then in effect shall continue until the expiration of the exemption certificate.