A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending section 301 (MCL 125.4301).
The bill amends the Recodified Tax Increment Financing Act to refine definitions, introduce new provisions for financing public projects in specific municipalities, and adjust funding allocations and timelines for tax increment revenues and obligations.
Introduced
by
Referred to the Committee on Appropriations
Discharged from committee
Referred to the Committee of the Whole
1. Amend page 8, line 29 after “exceed” by striking out “30” and inserting “50”.
Amendment concurred in by voice vote
Passed in the Senate 21 to 12 (details)
Referred to the Committee on Government Operations
