Economic development: other; HOPE zone exemption; provide for. Amends sec. 12 of 1984 PA 385 (MCL 207.712). TIE BAR WITH: HB 5852'26, HB 5856'26

Summary

The bill changes the technology park facilities tax so that properties located in Michigan’s HOPE zones or renaissance zones are no longer subject to the tax, except for portions tied to special assessments or certain school taxes. It also lets local tax authorities grant a similar exemption to qualified start‑up businesses for up to five years, non‑consecutively. The changes only become law if two companion bills (HB 5852 and HB 5856) are also enacted.

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