A bill to amend 1996 PA 381, entitled “Brownfield redevelopment financing act,” by amending sections 2 and 14a (MCL 125.2652 and 125.2664a), as amended by 2023 PA 90.
House Bill No. 5101 amends Michigan's Brownfield Redevelopment Financing Act to expand funding, clarify eligibility, and strengthen oversight for transformational brownfield projects, with increased annual and lifetime tax capture limits, new requirements for financial analysis, and enhanced support for housing and community revitalization.
Introduced
by
Referred to the Committee on Economic Competitiveness
