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HB 5464

Economic development: plant rehabilitation; requirements related to the revocation of an industrial facilities exemption certificate; modify. TIE BAR WITH: HB 5463'26

2025-2026 Regular Session Introduced by Kristian Grant and 1 co-sponsor

Michigan bill modifies revocation rules for industrial tax exemption certificates, affecting manufacturer property tax breaks and state/local revenue retention.

bill electronically reproduced 01/21/2026
#economicdevelopment:plantrehabilitation
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Bill Summary · HB 5464

Legislative bill overview

HB 5464 modifies Michigan law governing industrial facilities exemption certificates, specifically relating to the revocation process and requirements for plant rehabilitation. The bill is tied to HB 5463, meaning both must pass together to take effect. The legislation adjusts the conditions under which these tax exemption certificates can be revoked.

Why is this important

Industrial facilities exemption certificates provide substantial property tax breaks to manufacturers and processors to incentivize capital investment and economic development in Michigan. Changes to revocation requirements directly affect whether companies can maintain these valuable tax benefits and influence the state's ability to enforce compliance with original agreement terms.

Potential points of contention

  • Tax revenue impact: Stricter or looser revocation standards could either protect state/local tax bases or preserve business investment incentives, creating tension between fiscal responsibility and economic development goals
  • Tied legislation concern: The tie bar requirement means HB 5463 and HB 5464 must pass as a package, preventing independent evaluation of either bill's merits
  • Lack of public bill text: Without seeing the specific modifications, stakeholders cannot assess whether changes favor businesses seeking longer exemptions or government seeking stronger enforcement mechanisms

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

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