An individual who is a resident of a renaissance zone or a business that is located and conducts business activity within a renaissance zone, or a person who owns property located in a renaissance zone is not eligible for the exemption, deduction, or credits provided within the Michigan Renaissance Zone Act for that taxable year if one or more of the following apply:
(a) The resident, business, or property owner is substantially delinquent on December 31 of the prior tax year under one or both of the following:
(1) The City Income Tax Act;
(2) Taxes, fees and special assessments collected under the General Property Tax Act.
(b) For residential rental property in a renaissance zone, the residential rental property is not in substantial compliance with all applicable State and local zoning, building, and housing laws, ordinances, or codes and the residential property owner has not filed an affidavit of substantial compliance with the City Treasurer before December 31 in the immediately preceding tax year as required under Section 7ff of the General Property Tax Act, being M.C.L.A. 211.7ff.
(Ord. 8-01. Passed 6-19-01.)