A bill to amend 1996 PA 381, entitled “Brownfield redevelopment financing act,” by amending sections 2, 12, 13, and 13b (MCL 125.2652, 125.2662, 125.2663, and 125.2663b), sections 2, 13, and 13b as amended by 2023 PA 90 and section 12 as amended by 2002 PA 413.
House Bill No. 5395 updates Michigan's Brownfield Redevelopment Financing Act to expand eligible activities and properties, clarify financing and tax increment capture rules, and strengthen support for economic development, environmental remediation, and affordable housing initiatives.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
