Exemption from ad valorem property taxes; duration of certificate; review and extension of certificate; limitation; date of issuance of certificate of occupancy; basis of review; errors or mistakes; amended applications.

Sec. 9. (1) A facility for which a commercial facilities exemption certificate is in effect, but not the land on which the facility is located or to be located, or personal property other than personal property assessed under section 14(6) of the general property tax act, 1893 PA 206, MCL 211.14, for the period on and after the effective date of the certificate and continuing so long as the commercial facilities exemption certificate is in force, is exempt from ad valorem property taxes. A lessee, occupant, user, or person in possession of the facility for the same period is exempt from ad valorem taxes imposed under 1953 PA 189, MCL 211.181 to 211.182. (2) Unless earlier revoked as provided in section 14, a commercial facilities exemption certificate remains in force and effect for a period to be determined by the legislative body of the local governmental unit. The certificate may be issued for a period of at least 1 year, but not to exceed 12 years. If the number of years determined is less than 12, subject to subsection (3), the certificate may be reviewed by the legislative body of the local governmental unit and extended. The total amount of time determined for the certificate including any extensions must not exceed 12 years after the completion of the facility. The certificate commences on its effective date and ends on December 30 of the last year of the number of years determined. The date of issuance of a certificate of occupancy, if required by appropriate authority, is considered the date of completion of the facility. (3) If the number of years determined by the legislative body of the local governmental unit for the period a certificate remains in force is less than 12 years, the review of the certificate for the purpose of determining an extension under subsection (2) must be based on factors, criteria, and objectives that are placed in writing, approved when the certificate is approved by the legislative body of the local governmental unit, and sent to the applicant and commission. (4) If an error or mistake in an application for a commercial facilities exemption certificate is discovered after the local governmental unit has issued a certificate for the application, an applicant may submit an amended application in the same manner as an original application under this act that corrects the error or mistake. The legislative body of the local governmental unit may approve or deny the amended application. If the local governmental unit previously issued a certificate for the original application and approves an amended application under this subsection, the local governmental unit shall issue an amended certificate for the amended application pursuant to section 8 with the same effective date as the original certificate.