Introduced
by
To prohibit the Michigan State Housing Development Authority from disclosing certain “trade secrets, and commercial, financial, and proprietary information.” This would potentially subject applications from developers or other entities for subsidies, loans or loan guarantees to government secrecy, and exempt them from disclosure under the Freedom of Information Act. The bill would also exempt projects receiving MSHDA state or federal pass-through guarantees or subsidies and located on property assembled by a Land Bank Fast Track Authority from the “specific” taxes levied on such property (which are levied instead of property tax and at half the rate of property tax).
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does NOT authorize more MSHDA secrecy, but instead extends a particular subsidized housing tax break.
The substitute passed by voice vote
Passed in the House 85 to 14 (details)
To exempt housing projects receiving state or federal subsidies and on property sold by a "land bank fast track authority" from the (discounted) property tax imposed on such property.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the bill pass.
