A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending sections 201, 203, 301, 303, 402, 404, 523, 603, 618, 703, 715, 803, and 814 (MCL 125.4201, 125.4203, 125.4301, 125.4303, 125.4402, 125.4404, 125.4523, 125.4603, 125.4618, 125.4703, 125.4715, 125.4803, and 125.4814), section 402 as amended by 2023 PA 312.
The legislative amendments to Michigan's Tax Increment Financing Act refine guidelines for TIF authorities, introduce major development project provisions, specify revenue capture conditions, modify existing laws, and establish compliance timelines to enhance economic development.
Introduced
by
Referred to the Committee on Economic Development and Small Business
