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SB 108

Economic development: downtown development authorities; certain requirements for initial assessed value; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201).

2025-2026 Regular Session Introduced by Joe Bellino

SB 108 modifies how Michigan Downtown Development Authorities calculate initial property assessed values, affecting tax increment financing revenue for downtown revitalization projects.

REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
#economicdevelopment:downtowndevelopmentauthorities #economicdevelopment:taxincrementfinancing
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Bill Summary · SB 108

Legislative bill overview

SB 108 modifies Michigan's Downtown Development Authority (DDA) statute by amending how initial assessed values are determined for properties within downtown districts. The bill adjusts requirements under the 2018 Public Act 57, though the specific modifications are not detailed in the available bill summary provided.

Why is this important

Downtown Development Authorities use assessed property values to calculate tax increment financing (TIF) revenue—a key funding mechanism for downtown revitalization projects. Changes to initial assessed value calculations directly affect how much tax revenue is captured for development and can influence property tax burdens on individual property owners and local government budgets.

Potential points of contention

  • Property tax impacts: Modifications to assessed value calculations could shift tax obligations between private property owners, businesses, and municipalities in affected downtown areas
  • TIF revenue allocation: Changes may reduce or increase the amount of tax revenue available for downtown improvements, affecting affordable housing, infrastructure, and public services funding
  • Consistency across districts: Altering state-level requirements could create disparities between differently-situated DDAs or disadvantage some communities over others depending on implementation details

Compiled from official sources — confirm details with the bill’s official record.

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