A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending sections 201, 301, 402, 523, 602, 702, and 802 (MCL 125.4201, 125.4301, 125.4402, 125.4523, 125.4602, 125.4702, and 125.4802), section 402 as amended by 2023 PA 312.
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