Bill > HB5464

This bill modifies the process for revoking an industrial facilities exemption certificate, which is a tax exemption granted to businesses for certain types of facility improvements or new construction. Specifically, it clarifies that a business holding such a certificate can request its revocation, either entirely or for just the real or personal property component. The bill also expands the reasons a local government can request the revocation of a certificate, including if a new or replacement facility isn't completed within a specified timeframe (generally two years, with extensions possible for good cause), or if a speculative building (a building constructed without a specific tenant in mind) is used for purposes other than manufacturing, warehousing, or distribution. The bill also updates language to be more inclusive and modern, changing "which" to "that" in certain contexts, and allows for the reinstatement of a revoked certificate for a subsequent owner if the facility still qualifies and the local government agrees. This legislation is tied to another bill, HB 5463, meaning it will only become law if that bill is also enacted.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5464