A bill to provide for neighborhood preservation and revitalization and foster economic opportunities, including workforce development, in certain impoverished areas of this state; to provide for the creation of HOPE zones; to provide for obtaining neighborhood HOPE zone certificates for a period of time and to prescribe the contents of the certificates; to provide for obtaining workforce development HOPE zone agreements for a period of time and to prescribe the contents of the agreements; to provide for certain tax deductions, credits, and exemptions; to provide for the levy and collection of a specific tax on the owner of certain facilities; to create certain obligations of this state and local governmental units; to create certain funds and to provide for the distribution of money from those funds; to allow for the capture of certain withholding taxes; to provide for the creation of certain programs; to require certain reports; to allow the promulgation of rules; and to provide for the powers and duties of certain state and local governmental officers and entities.
House Bills 5852 thru 5869 create HOPE zones in Michigan's impoverished areas, offering targeted tax incentives and dedicated funding for neighborhood revitalization and workforce development, with strict eligibility, compliance, and reporting requirements.
Co-sponsored by Reps.
Referred to the Committee on Government Operations
