HB 6367 Summary

• Amends the Recodified Tax Increment Financing Act (2018 PA 57) to modify public notice requirements for tax increment financing authorities and development plans.

• Through December 31, 2021, requires newspaper publication for notices; beginning January 1, 2022, requires notices be posted under the local government public notice act instead of newspaper publication.

• Maintains existing requirements for mailing notices to property taxpayers, taxing jurisdiction governing bodies, and the state tax commission at least 20 days before public hearings.

• Requires governing bodies to continue posting notices in at least 20 conspicuous public places in the development area through December 31, 2021.

• Takes effect only if Senate Bill No. ____ or House Bill No. 6440 is enacted into law.