MI SB0182

Amends the Corridor Improvement Authority Act to expand the definition of "qualified development area" to include property containing the Michigan State Fair site that has operated for more than 100 years, provided it complies with specified requirements in sections 5(a), (b), and (g).

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

Establishes definitions for "public facility," "parcel," "tax increment revenues," "transit-oriented development," and "distressed area" to clarify which improvements and tax revenues qualify for corridor improvement authority programs.

Specifies that "tax increment revenues" exclude state education taxes, school district taxes, certain bonded obligation taxes, and taxes levied under the Zoological Authorities Act and Art Institute Authorities Act.

Defines "distressed area" as a municipality with population of 700,000 or more that shows negative population change since 1970, below-average property value increases since 1972, above-average poverty rates, and above-average unemployment rates.