2004 House Bill 5823 ↩

House Roll Call 432: Passed

To exempt real property owned by a business in a an “innovations center” located in a certified technology park (smart zone) from property tax. These "smart parks" use new tax revenues generated in a designated area to finance improvements to public or private property intended to attract certain types of businesses. The bill is targeted at the Southwest Michigan Innovation Center, which was established to provide opportunities for displaced workers from the Pfizer drug company, and any similar future facilities.