MI SB1333

Amends the Corridor Improvement Authority Act to expand the definition of "public facility" to include heated sidewalks as an eligible improvement type.

Defines "operations" to include office maintenance, employee salaries and expenses, office supplies, consultation fees, design costs, and other daily management expenses for corridor improvement authorities.

Establishes criteria for "qualified development area" including: location in a city with 700,000+ population, at least 30 contiguous acres, state-owned property conveyed to private owner between December 31, 2003 and June 30, 2004, mixed-use zoning allowing commercial and residential use, and location in a distressed area.

Defines "distressed area" as a local governmental unit with 700,000+ population that meets criteria including negative population change since 1970, below-average property value increases since 1972, above-average poverty rate, and above-average unemployment rate.

Specifies that tax increment revenues exclude state education taxes, school district taxes, certain shared assessed values, and taxes for voter-approved obligations or unlimited taxing power pledges.