2007 Senate Bill 887

Give MEDC with Tax Commission new property tax break granting power

Introduced in the Senate

Nov. 8, 2007

Introduced by Sen. Ray Basham (D-8)

To give the Michigan Economic Development Authority and the state Tax Commission the power to grant neighborhood enterprise zone status to a development or areas it determines, which means homes in the zone would be subject to lower property taxes than the amounts levied on houses located elsewhere.

Referred to the Committee on Commerce and Tourism