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MI SB0792
MI SB0792Economic development: obsolete property and rehabilitation; obsolete property rehabilitation act; modify. Amends secs. 2, 6, 7, 14, 16 & 17 of 2000 PA 146 (MCL 125.2782 et seq.).
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2000 PA 146, entitled"Obsolete property rehabilitation act,"by amending sections 2, 6, 7, 14, 16, and 17 (MCL 125.2782, 125.2786, 125.2787, 125.2794, 125.2796, and 125.2797), section 2 as amended by 2006 PA 70, section 6 as amended by 2013 PA 115, and section 16 as amended by 2016 PA 222.
AI Summary
This bill modifies the Obsolete Property Rehabilitation Act, which provides tax exemptions for the rehabilitation of certain underutilized properties. Key changes include defining "commencement of the rehabilitation" to clarify when rehabilitation work officially begins, and expanding the definition of "rehabilitation" to encompass a broader range of physical changes to a property, while also clarifying that minor improvements are not sufficient to qualify. The bill also extends the deadline for granting new exemption certificates from December 31, 2026, to December 31, 2036, and increases the number of annual exclusions the State Treasurer can grant for school operating taxes from 25 to 45, aiming to further incentivize economic development and job creation. Additionally, it adjusts reporting deadlines for local governments and clarifies the process for amending exemption certificates.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred To Committee On Regulatory Affairs (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-0792 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2026-SIB-0792.htm |
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