2024 House Bill 5817

Economic development: tax increment financing; tax increment financing act; amend to exempt museum authorities.

A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending sections 201, 301, 402, 523, 603, 703, and 803 (MCL 125.4201, 125.4301, 125.4402, 125.4523, 125.4603, 125.4703, and 125.4803), section 402 as amended by 2023 PA 312.

Mackinac Center Analysis

HB 5817 would amend the Recodified Tax Increment Financing Act to exempt museum authorities from tax increment financing. This bill is tie-barred to the passage of HBs 4177 and 5818.

Introduced in the House

June 13, 2024

Introduced by Reps. Tyrone Carter (D-1) and Samantha Steckloff (D-19)

Referred to the Committee on Regulatory Reform

June 18, 2024

Reported without amendment

June 27, 2024

Passed in the House 56 to 54 (details)

Motion to give immediate effect by Rep. Abraham Aiyash (D-9)

The motion prevailed by voice vote

Received in the Senate

July 30, 2024

Referred to the Committee on Finance, Insurance, and Consumer Protection