To authorize the creation of “promise zone” tax increment financing authorities (TIFA) in a low income city, township, county, local school district, or intermediate school district, that would be authorized to “capture" one-half of any increases in the six-mill state education property tax revenue in the area and use the money to subsidize college tuition for students from the area, or allow it to be used by the public schools in the zone for certain "educational improvement activities".   Official Text and Analysis.

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was subsequently superseded by another substitute with more changes.

To establish that all the students attending a school located in a "promise zone" would be eligible for the tuitions subsidies it provides, even if they don't live within the zone.

To remove a provision that would allow the "captured" tax revenue to also be used by the public schools in the zone for certain "educational improvement activities," rather than distributed to students as college tuition scholarships.

To require that any portion of the "captured" tax revenue used by the public schools in the zone for certain "educational improvement activities" rather than distributed to students as college tuition scholarships be distributed equally among all public schools within the zone.

To not take the money that would be "captured" and sent to the promise zone authorities out of the School Aid Fund, but instead take it out of the state General Fund.

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

To give the bill immediate effect.

To replace the previous version of the bill with one that divides the provisions among this bill and Senate Bill 861, which caps the number of "promise zones" at 10.

To authorize the creation of up to 10 “promise zone” tax increment financing authorities (TIFA) in low income and low educational attainment areas that would be authorized to “capture" a portion of any increases in state education property tax revenue in the area and use the money to partially subsidize college tuition for students from the area attending institutions in Michigan. See also Senate Bill 861.

To concur with the Senate-passed version of the bill, which caps the number of "promise zones" at 10.