Modifies the definition of qualified commercial activity for economic development purposes in Michigan.

This bill amends the definition of "qualified commercial activity" for economic development purposes in Michigan. It specifies that commercial property meeting certain criteria, such as being used for warehousing, distribution, or logistic purposes, qualifies as industrial property. The bill also outlines conditions for industrial property, including its use for high-technology activities, manufacturing, and processing of goods or materials.

Modifies the definition of qualified commercial activity for economic development purposes in Michigan.

This bill amends the definition of "qualified commercial activity" for economic development purposes in Michigan. It specifies that commercial property meeting certain criteria, such as being used for warehousing, distribution, or logistic purposes, qualifies as industrial property. The bill also outlines conditions for industrial property, including its use for high-technology activities, manufacturing, and processing of goods or materials.