Bill
HB 5875
Economic 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
2025-2026 Regular Session
Introduced by Joe Aragona and 18 co-sponsors
HB 5875 aligns TIF laws with the RETT repeal, removing transfer tax treatment for conveyances and adjusting TIF earnings exemptions.
REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS