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