WeVote
Log In

Bill

PS

Bill

HB 6202

Economic development: obsolete property and rehabilitation; definition of eligible act 7 entity; revise to reflect change in obsolete property rehabilitation act. Amends sec. 3 of 2010 PA 275 (MCL 125.2953).

2023-2024 Regular Session Introduced by Phil Skaggs

Michigan bill revises eligibility definitions for obsolete property rehabilitation tax incentives to align Act 7 entity requirements with updated state development standards.

bill electronically reproduced 11/26/2024
#economicdevelopment:obsoletepropertyandrehabilitation #economicdevelopment:other
0
WeVote Research Nonpartisan
Bill Summary · HB 6202

Legislative bill overview

HB 6202 amends Michigan's 2010 Obsolete Property Rehabilitation Act (PA 275) to revise the definition of eligible "Act 7 entities" for economic development purposes. The bill modifies MCL 125.2953, Section 3, to reflect changes in how properties and entities qualify for obsolete property rehabilitation incentives and programs.

Why is this important

The Obsolete Property Rehabilitation Act is a key economic development tool that provides tax incentives and financing support to encourage redevelopment of blighted or abandoned properties. Updating the definition of eligible entities ensures that the right businesses and organizations can access these incentives, potentially affecting which communities and projects receive state support for revitalization efforts.

Potential points of contention

  • Scope of amendment unclear — The bill summary doesn't specify what the "change in obsolete property rehabilitation act" is, making it difficult to assess whether the revision expands or restricts eligibility
  • Equity in development — Depending on how entity definitions change, certain regions, business types, or community organizations could gain or lose access to economic development resources
  • Implementation timeline — If the definition change affects already-approved projects, there could be disputes over retroactive application and vested rights

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

Sign in to ask a question.