The Michigan Senate unanimously passed a ten year extension to the Obsolete Property Rehabilitation Act this morning. Introduced in December, on the heels of passage of the extension to the Commercial Rehabilitation Act, Senate Bill 673 was supported by the League in committee last week and quickly moved to the Senate floor where it received a final passage vote of 37-0. The act is currently scheduled to sunset at the end of 2016. SB 673 would extend that sunset until December 31 of 2026. The bill now moves to the House Tax Policy committee for further consideration.
Chris Hackbarth is the League’s director of state affairs. He can be reached at 517-908-0304and [email protected].