Michigan HB5859 amends the commercial facilities tax to exempt HOPE zones from the tax.

Michigan HB5859 amends the commercial facilities tax to exempt HOPE zones from the tax. The bill specifies that the commercial facilities tax is levied on owners of new, replacement, or restored facilities. It also outlines the tax calculation and disbursement process, ensuring that certain portions of the tax are credited to the state school aid fund. The bill ties its enactment to other bills in the 103rd Legislature.

Michigan HB5859 amends the commercial facilities tax to exempt HOPE zones from the tax.

Michigan HB5859 amends the commercial facilities tax to exempt HOPE zones from the tax. The bill specifies that the commercial facilities tax is levied on owners of new, replacement, or restored facilities. It also outlines the tax calculation and disbursement process, ensuring that certain portions of the tax are credited to the state school aid fund. The bill ties its enactment to other bills in the 103rd Legislature.