MI HB6180

Adds definition of "underdeveloped special assessment district" to the Michigan Renaissance Zone Act, defining it as a special assessment district created by December 31, 2007, for residential infrastructure where development is less than 20% complete and developers pay all assessments before occupancy is granted.

Authorizes the Michigan Strategic Fund board to designate up to 10 additional renaissance zones for underdeveloped special assessment districts in one or more cities, villages, or townships with local consent.

Renaissance zones designated for underdeveloped special assessment districts shall have tax incentive duration matching the period until special assessment bonds are paid off or defeased.

Requires each renaissance zone for an underdeveloped special assessment district to comprise one continuous distinct geographic area.

Adds definitions for agricultural processing facilities, forest products processing facilities, and renewable energy facilities to the Michigan Renaissance Zone Act.