Economic development: other; 1974 PA 198; amend to reflect repeal of the next Michigan development act. Amends sec. 2 of 1974 PA 198 (MCL 207.552). TIE BAR WITH: SB 0631'25, SB 0659'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends the 1974 Michigan Development Act (PA 198) to reflect the repeal of the ‘next Michigan development act.’ It clarifies definitions related to industrial property, including ‘commercial property,’ ‘facility,’ ‘replacement facility,’ ‘new facility,’ and ‘next Michigan development corporation.’ The bill also updates references to the Michigan Economic Growth Authority Act and obsolete property rehabilitation act, ensuring consistency with current terminology.
Key provisions
- Defines ‘commercial property’ by referencing the obsolete property rehabilitation act.
- Clarifies the definition of ‘facility’ as a replacement, new, or speculative building.
- Defines ‘next Michigan development corporation’ and its role in local governmental units.
- Updates the definition of ‘industrial property’ to include various activities and property types.
- Specifies requirements for ‘major distribution and logistics facilities’.
- Defines ‘high-technology activity’ and ‘qualified commercial activity’.
- Includes provisions related to motorsports entertainment complexes and research and development laboratories.
- States that the act will not take effect until Senate Bills 631 and 659 are enacted.
Who is affected
- Local governmental units (cities, villages, townships, and next Michigan development corporations)
- Businesses involved in high-technology activities, logistics, manufacturing, or distribution
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