2023 House Bill 5054

Economic development: renaissance zones; certain property located in a renaissance zone; extend sunset.

A bill to amend 1996 PA 376, entitled “Michigan renaissance zone act,” by amending section 8d (MCL 125.2688d), as amended by 2010 PA 368.

Official record

AI Analysis – Experimental

Allows the Michigan Strategic Fund board to designate up to 35 tool and die renaissance recovery zones across Michigan for durations of 5 to 15 years, with potential extensions not exceeding 15 years. These zones, established in consenting cities, villages, or townships, aim to support qualified tool and die businesses, permitting the expansion of zones and inclusion of additional businesses under specific conditions.

Introduced in the House

Sept. 27, 2023

Introduced by Rep. Carol Glanville (D-84) and 15 co-sponsors

Co-sponsored by Reps. Sharon MacDonell (D-56), Jennifer Conlin (D-48), Matt Koleszar (D-22), Donavan McKinney (D-14), Christine Morse (D-40), Jasper Martus (D-69), Amos O’Neal (D-94), Veronica Paiz (D-11), Jimmie Wilson (D-32), Noah Arbit (D-20), Helena Scott (D-7), John Fitzgerald (D-83), Carrie Rheingans (D-47), Tyrone Carter (D-1) and Ranjeev Puri (D-24)

Referred to the Committee on Economic Development and Small Business