MI SB0622

Amends definitions in the Water Improvement Tax Increment Finance Authority Act to clarify "public facility" includes improvements complying with barrier-free design requirements under the state construction code.

Modifies tax increment revenue exclusions to exempt ad valorem property taxes levied for separate public library millages approved by electors after December 31, 2016, unless the library board voluntarily agrees in writing to participate in tax capture.

Allows library boards or commissions to voluntarily agree to include their separately-levied taxes as tax increment revenues through written agreement with the authority, which must be filed with the municipality clerk.

Requires library boards or commissions to have the concurrence of the city's chief executive officer for any tax capture actions if the library was created under specified provisions of the 1877 PA 164 or 1869 LA 233.

Takes effect immediately upon approval.