Michigan HB5860 amends the HOPE zone exemption to exclude casinos from tax exemptions.
Michigan HB5860 amends Section 21c of the 1985 PA 224 to modify the HOPE zone exemption. Specifically, it excludes casinos from the tax exemptions provided to properties in HOPE zones. This change aligns the HOPE zone exemption with the Michigan Renaissance Zone Act, which already excludes casinos from its tax exemptions. The bill requires the enactment of two other bills, HB 5852 and HB 5856, to take effect.
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