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2022 House Bill 5753: Authorize more state developer subsidies
Introduced by Rep. Ronnie Peterson D-Ypsilanti on February 15, 2022
To along with House Bill 5252 authorize another state government subsidy program that would give $25 million annually in state income tax exemptions to developers and others for projects said to produce “outcomes that assist a distressed area or the low-income population in a neighborhood, community, or commercial corridor.” The tax exemptions could be used to cancel a developer’s income tax liabilities for up to five years into the future.   Official Text and Analysis.
Referred to the House Commerce and Tourism Committee on February 15, 2022