2013 Senate Bill 312 ↩

House Roll Call 500: Passed

To revise a <A href="http://www.michiganvotes.org/2007-SB-861">2008 law</A> authorizing local “promise zone” tax increment financing authorities (TIFA) to subsidize college tuition for students in low educational attainment areas, by also allowing these subsidies for vocational education or training, and for books and school supplies. The bill also gives the authorities more latitude in setting academic performance standards, including excluding students who score below a certain grade point average. Finally, it lets these entities reset the formula for their future tax increment "capture" amounts, since declining property tax assessments have reduced the amount of revenue they expected to collect.