Economic development: enterprise zones; HOPE zone exemption; provide for. Amends sec. 21c of 1985 PA 224 (MCL 125.2121c). TIE BAR WITH: HB 5852'26, HB 5856'26

Summary

The bill changes the Enterprise Zone Act to waive the specific taxes on property—except casinos—located in designated Renaissance or HOPE zones. It leaves in place any tax that comes from a special assessment or certain general property taxes, and requires that remaining tax be shared with the local taxing units that levied those assessments. The changes only become active if two companion bills (HB 5852 and HB 5856) are also enacted.

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