A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending section 201 (MCL 125.4201).
Senate Bill No. 581 amends Michigan's tax increment financing law to clarify definitions, expand flexibility for local development authorities, and refine procedures for managing financial obligations and development districts, particularly in large municipalities.
Introduced
by
Referred to the Committee on Local Government
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 22 to 13 (details)
Referred to the Committee on Economic Competitiveness
