MI HB5439

Amends the Renaissance Zone Act to prohibit businesses located within designated renaissance zones from making payments in lieu of taxes to taxing jurisdictions, except for zones designated under section 8a(2).

Allows qualified local governmental units to modify renaissance zone boundaries to include contiguous parcels of property through December 31, 2002, with approval from the review board.

Permits modification of rural renaissance zone boundaries before July 1, 2004 to include contiguous parcels less than 0.5 acres that were previously submitted but not acted upon by the review board in February 2002.

Authorizes boundary modifications before July 1, 2006 for specific renaissance zones in counties with particular population ranges (160,000-170,000 and 61,000-64,000) to add contiguous parcels up to 12 acres in size.

Allows modification of renaissance zones larger than 137 acres in counties with populations between 61,000-63,000 to include parcels separated by roadways up to 67 acres in size before July 1, 2006.