SB 0632
Economic development: other; length of time for an exemption; limit. Amends secs. 3, 4, 5, 6, 8c, 8d, 8e, 8f, 8g, 8h, 9 & 10 of 1996 PA 376 (MCL 125.2683 et seq.) & adds sec. 9a. TIE BAR WITH: SB 0631'25
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Bill overview
This bill amends the Michigan Renaissance Zone Act (MPA 376) to clarify and update rules surrounding the creation and operation of renaissance zones. It defines key terms, adjusts the length of time a zone can be active, and introduces a new provision (9a) related to extending zone duration. The bill also modifies existing sections to align with recent legislation and addresses specific criteria for zone designation, particularly concerning eligible businesses and local government involvement.
Sponsors
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Primary sponsor
Thomas A. Albert
Cosponsors
Joseph N. Bellino Jr.
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