A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending section 201 (MCL 125.4201).
The bill amends Michigan's tax increment financing laws to update definitions, clarify repayment evidence, and set conditions for catalyst development projects, including a $300 million investment threshold, while also detailing the use of tax increment revenues for specific projects and extending development program durations.
Introduced
by
Referred to the Committee on Economic and Community Development
