Commercial rehabilitation exemption certificate; issuance; form; contents; effective date; maintenance of record and copies; errors or mistakes; amended applications.

Sec. 6. (1) Not more than 60 days after receipt of a copy of the application and resolution adopted under section 5, the commission shall approve or disapprove the resolution. (2) Following approval of the application by the legislative body of the qualified local governmental unit and the commission, the commission shall issue to the applicant a commercial rehabilitation exemption certificate in the form the commission determines, which must contain all of the following: (a) A statement that unless revoked as provided in this act the certificate remains in force for the period stated in the certificate. (b) A statement of the taxable value of the qualified facility, separately stated for real and personal property, for the tax year immediately preceding the effective date of the certificate after deducting the taxable value of the land and personal property other than personal property assessed under sections 8(d) and 14(6) of the general property tax act, 1893 PA 206, MCL 211.8 and 211.14. (3) Except as otherwise provided in subsection (5) or section 8(4), the effective date of the certificate is the December 31 immediately following the date of issuance of the certificate. (4) The commission shall file with the clerk of the qualified local governmental unit a copy of the commercial rehabilitation exemption certificate, and the commission shall maintain a record of all certificates filed. The commission shall also send a copy of the commercial rehabilitation exemption certificate to the applicant and the assessor of the local tax collecting unit in which the qualified facility is located. (5) If the commission receives an application under this act for a commercial rehabilitation exemption certificate and the application is made complete before the October 31 following the year in which the application is received by the commission, the commission may issue for that property a commercial rehabilitation exemption certificate that has an effective date of December 31 of the year in which the application was received by the commission. (6) If an error or mistake in an application for a commercial rehabilitation exemption certificate is discovered after the qualified local governmental unit has passed a resolution approving the application or after the commission 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 qualified local governmental unit and the commission may approve or deny the amended application. If the commission previously issued a certificate for the original application and approves an amended application under this subsection, the commission shall issue an amended certificate for the amended application pursuant to this section with the same effective date as the original certificate.