Michigan SB0672 amends the definition of industrial property to reflect the repeal of the Next Michigan Development Act.
Michigan SB0672 updates the definition of industrial property to align with the repeal of the Next Michigan Development Act. This bill modifies the definition of industrial property to exclude references to the Next Michigan Development Act and its associated corporations. The changes ensure that the definition of industrial property remains relevant and accurate in the absence of the Next Michigan Development Act. This amendment is contingent upon the enactment of Senate Bills No. 631 and No. 659 by the 103rd Legislature.
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