A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending sections 7 and 9 (MCL 125.2007 and 125.2009), section 7 as amended by 2020 PA 358 and section 9 as amended by 2024 PA 117.
House Bills 5798, 5799 and 5809 establish new income tax credits to encourage investment in the rehabilitation and redevelopment of blighted, historic, or underutilized properties in Michigan, with special provisions for rural and low-income areas, subject to annual funding caps and detailed eligibility criteria.
Introduced
by
Referred to the Committee on Economic Competitiveness
