Introduced
by
To clarify details of a <a href="http://www.michiganvotes.org/2015-SB-624">2016 law</a> that exempted libraries from having their tax revenue “captured” by a municipal tax increment finance scheme, so as to clarify the status of existing local authority debt that is serviced by these captures. See also Senate Bill 304; this bill amends the law authorizing “Water Resource Improvement” authorities, which have been granted the power to “capture” incremental increases in local government tax collections.
Referred to the Committee on Finance
