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MI SB0665

MI SB0665
Economic development: other; local community stabilization authority act; amend to update the cross-reference to MCL 211.1053. Amends sec. 5 of 2014 PA 86 (MCL 123.1345). TIE BAR WITH: SB 0659'25


summary

Introduced
10/30/2025
In Committee
10/30/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 2014 PA 86, entitled"Local community stabilization authority act,"by amending section 5 (MCL 123.1345), as amended by 2020 PA 194.

AI Summary

This bill amends the Local Community Stabilization Authority Act to update a cross-reference to the state essential services assessment act. Specifically, the bill modifies a definition within the act, changing a reference from section 3(e)(i) to section 3(g)(i) when defining "eligible personal property". The change appears to be a technical correction to ensure the proper statutory reference is cited. The bill is tie-barred to Senate Bill 659, meaning it will only take effect if that companion bill is also enacted into law. The amendment is part of a broader legislative effort to maintain accuracy and consistency in Michigan's tax and property assessment statutes, focusing on how certain types of personal property are defined and classified for tax purposes.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Referred To Committee On Government Operations (on 10/30/2025)

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