A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending section 201 (MCL 125.4201).
The bill amends the "Recodified Tax Increment Financing Act" to update definitions, expand the scope of tax increment financing, and specify conditions for funding and obligations, including provisions for catalyst development projects and the use of tax increment revenues for specific purposes.
Introduced
by
Referred to the Committee on Local Government
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 25 to 13 (details)
Referred to the Committee on Economic Development and Small Business
