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MI HB4646
Bill
Status
4/15/2021
Primary Sponsor
Kyra Bolden
Click for details
AI Summary
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Expands the definition of "local governmental unit" eligible to designate neighborhood enterprise zones to include any city, village, or township, removing previous restrictions based on qualification status or county seat designation.
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Adds new requirement effective October 1, 2021 that neighborhood enterprise zones must encourage compact development, be adjacent to existing development, and utilize existing infrastructure.
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Clarifies that condominium units within qualified historic buildings may be held under common ownership and allows multiple rehabilitated facilities within a single qualified historic building.
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Allows neighborhood enterprise zones in qualified downtown revitalization districts to contain fewer than 10 platted parcels if the parcels together contain 10 or more facilities.
Legislative Description
Economic development: neighborhood enterprise zones; use of neighborhood enterprise zones; expand incentives. Amends secs. 2 & 3 of 1992 PA 147 (MCL 207.772 & 207.773).
Economic development: neighborhood enterprise zones
Last Action
Referred To Second Reading
6/15/2022