Public Act 254 of 2002

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• Introduced by Rep. Jason Allen (R) on November 29, 2001, to allow brownfield redevelopment authorities to capture tax increment revenues from the "specific tax" levied under the Neighborhood Enterprise Zone Act in the same way that revenues from other specific taxes are captured. Currently, the brownfield statute does not allow for a capture of these revenues. Tax increment revenues are the portion of tax revenues which are generated by the increased business activity and value that comes about due to the presence of the particular project. It is assumed under the Act that this increased revenue would not exist without the advantages conferred by the Act.
  • Referred to the House Commerce Committee on November 29, 2001.
• Passed 104 to 0 in the House on January 22, 2002.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on January 22, 2002.
• Passed 37 to 0 in the Senate on April 18, 2002, to allow brownfield redevelopment authorities to capture tax increment revenues from the "specific tax" levied under the Neighborhood Enterprise Zone Act in the same way that revenues from other specific taxes are captured. Currently, the brownfield statute does not allow for a capture of these revenues. Tax increment financing revenues (TIF) are the portion of tax revenues which are generated by the increased business activity and value that comes about due to the presence of the particular project. It is assumed under the Act that this increased revenue would not exist without the advantages conferred by the Act.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. John Engler on May 1, 2002.