2024 House Bill 5818

Economic development: brownfield redevelopment authority; brownfield redevelopment financing act; amend to exempt museum authorities.

A bill to amend 1996 PA 381, entitled “Brownfield redevelopment financing act,” by amending section 2 (MCL 125.2652), as amended by 2023 PA 90.

Mackinac Center Analysis

This bill would amend the Brownfield Redevelopment Financing Act to exempt property taxes collected for museum authorities from tax increment financing. It is contingent on passage of HBs 4177 (the historical museum authorities act) and HB 5317.

Introduced in the House

June 13, 2024

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

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