Modifies the allowable percentage of neighborhood enterprise zones in Michigan.

This bill amends Michigan's neighborhood enterprise zones law to increase the allowable percentage of neighborhood enterprise zones from 15% to 20% of the total acreage within a local governmental unit. It also adjusts the conditions under which a zone can be designated, including the requirement for a public hearing and the need for the zone to be consistent with the local master plan. The bill further specifies that zones must be compact and contiguous, and it outlines the process for determining the true cash value of properties within these zones.

Modifies the allowable percentage of neighborhood enterprise zones in Michigan.

This bill amends Michigan's neighborhood enterprise zones law to increase the allowable percentage of neighborhood enterprise zones from 15% to 20% of the total acreage within a local governmental unit. It also adjusts the conditions under which a zone can be designated, including the requirement for a public hearing and the need for the zone to be consistent with the local master plan. The bill further specifies that zones must be compact and contiguous, and it outlines the process for determining the true cash value of properties within these zones.