2013 House Bill 5003

Expand real estate development tax breaks

Introduced in the House

Sept. 24, 2013

Introduced by Rep. Al Pscholka (R-79)

To authorize seven-year property tax exemptions for property owned by a nonprofit organization whose purpose is real estate development, if the local government agrees, and if the organization is approved by the political appointees on the board of the state agency responsible for granting and overseeing selective tax breaks and subsidies to particular corporations or developers (the “Michigan Economic Development Corporation,” an arm of the “Michigan Strategic Fund”).

Referred to the Committee on Tax Policy