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Bill > HB5875
MI HB5875
MI HB5875Economic development: downtown development authorities; exemption from real estate transfer taxes; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 228a of 2018 PA 57 (MCL 125.4228a). TIE BAR WITH: HB 5880'26, HB 5874'26
summary
Introduced
04/22/2026
04/22/2026
In Committee
04/22/2026
04/22/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2018 PA 57, entitled"Recodified tax increment financing act,"by amending section 228a (MCL 125.4228a).
AI Summary
This bill modifies existing law to reflect the repeal of the state real estate transfer tax act, specifically amending the Recodified Tax Increment Financing Act. It clarifies that an authority, which is a governmental entity established to promote economic development, is exempt from all taxation on its earnings or property. Furthermore, it updates the language to state that documents transferring property from an authority are exempt from transfer taxes under the former 1993 Public Act 330, which previously imposed a state real estate transfer tax, and also under the existing 1966 Public Act 134. This change is necessary because the state real estate transfer tax act has been repealed.
Committee Categories
Government Affairs
Sponsors (19)
Karl Bohnak (R)*,
Joe Aragona (R),
Matthew Bierlein (R),
Will Bruck (R),
Cam Cavitt (R),
Jay DeBoyer (R),
Joseph Fox (R),
Steve Frisbie (R),
Mike Harris (R),
Gina Johnsen (R),
Tim Kelly (R),
Tom Kuhn (R),
Matt Maddock (R),
Luke Meerman (R),
J.R. Roth (R),
Bill Schuette (R),
Rachelle Smit (R),
Jamie Thompson (R),
Jennifer Wortz (R),
Last Action
Bill Electronically Reproduced 04/22/2026 (on 04/23/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5875 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2026-HIB-5875.htm |
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