2025 Senate Bill 553

Economic development: tax increment financing; water resource improvement authorities; modify.

A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending sections 703, 705, and 710 (MCL 125.4703, 125.4705, and 125.4710).

AI Analysis – Experimental

Senate Bill No. 553 expands the authority and scope of local water resource improvement districts in Michigan to include inland river systems and a broader range of ecological and community projects, while clarifying procedures and promoting intergovernmental cooperation.

Introduced in the Senate

Sept. 18, 2025

Introduced by Sen. Sam Singh (D-28)

Referred to the Committee on Local Government

March 25, 2026

Reported with substitute S-1

March 26, 2026

Referred to the Committee of the Whole

April 16, 2026

Reported with substitute S-1

Substitute S-1 concurred in by voice vote

April 21, 2026

Amendment offered by Sen. Michele Hoitenga (R-36)

1. Amend page 5, following line 17, by inserting:

“(xix) Dam maintenance and repairs.”.

The amendment failed by voice vote

Passed in the Senate 25 to 10 (details)

Received in the House

April 21, 2026

Referred to the Committee on Government Operations