Michigan HB6228 amends the Tax Increment Financing Act to exempt museum authorities from tax increment financing.

Michigan HB6228 amends the Tax Increment Financing Act to exempt museum authorities from tax increment financing. The bill modifies the definition of "authority" to exclude museum authorities from the scope of entities eligible for tax increment financing. This change aims to adjust the application of tax increment financing provisions to better align with current economic development strategies and priorities in Michigan. The bill also includes technical and conforming amendments to ensure consistency and clarity in the law.

Michigan HB6228 amends the Tax Increment Financing Act to exempt museum authorities from tax increment financing.

Michigan HB6228 amends the Tax Increment Financing Act to exempt museum authorities from tax increment financing. The bill modifies the definition of "authority" to exclude museum authorities from the scope of entities eligible for tax increment financing. This change aims to adjust the application of tax increment financing provisions to better align with current economic development strategies and priorities in Michigan. The bill also includes technical and conforming amendments to ensure consistency and clarity in the law.