Bill > HB5398

This bill amends the General Property Tax Act to update provisions related to property tax exemptions in renaissance zones, which are designated areas designed to encourage economic development. The bill primarily modifies language regarding tax exemptions for properties located in these zones, with specific changes to how data center properties are treated. Key modifications include clarifying the exemption status for casino properties, specifying conditions for residential rental property exemptions, and adjusting rules for personal property located in renaissance zones. The bill removes references to specific tax acts related to data centers and makes technical corrections to capitalization and terminology. Importantly, the bill will only take effect if two companion bills (House Bills 5396 and 5397) are also enacted, creating a legislative tie bar that ensures coordinated implementation of related statutory changes. The amendments aim to provide more precise guidelines for property tax exemptions in renaissance zones while reflecting updates in how certain types of commercial properties are classified and taxed.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5398