Michigan § 211.7gg - Property held by land bank fast track authority; exemption from taxes; definitions.
Full text of Michigan Michigan Compiled Laws § 211.7gg — Property held by land bank fast track authority; exemption from taxes; definitions., with citation guidance and answers to common questions.
§ 211.7gg. Property held by land bank fast track authority; exemption from taxes; definitions.
(1) Property, the title to which is held by a land bank fast track authority under the land bank fast track act, is exempt from the collection of taxes under this act.
(2) Except as otherwise provided in subsection (3), real property sold or otherwise conveyed by a land bank fast track authority under the land bank fast track act is exempt from the collection of taxes under this act beginning on December 31 in the year in which the property is sold or otherwise conveyed by the land bank fast track authority until December 31 in the year 5 years after the December 31 on which the exemption was initially granted under this subsection.
(3) Subsection (2) does not apply to property included in a brownfield plan under the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2670, if all of the following conditions are satisfied:
(a) The brownfield plan for the property includes assistance provided to a land bank fast track authority authorized by section 2(o)(
(b) If the land bank fast track authority has issued bonds or notes, or has entered into a reimbursement agreement, pledging or dedicating the specific tax levied under the tax reverted clean title act before the sale of the property to which the exemption under subsection (2) applies, the land bank fast track authority approves the release of the exemption provided under subsection (2).
(4) Property exempt from the collection of taxes under subsection (2) is subject to the specific tax levied under the tax reverted clean title act.
(5) As used in this section:
(a) "Land bank fast track act" means the land bank fast track act, 2003 PA 258, MCL 124.751 to 124.774.
(b) "Land bank fast track authority" means a land bank fast track authority created under the land bank fast track act.
(c) "Tax reverted clean title act" means the tax reverted clean title act, 2003 PA 260, MCL 211.1021 to 211.1025a.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 211.7gg
What does Michigan Compiled Laws § 211.7gg cover?
Section 211.7gg ("Property held by land bank fast track authority; exemption from taxes; definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 211.7gg?
A common citation format is "Michigan Compiled Laws § 211.7gg" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 211.7gg apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.