MI HB5769

Establishes a new "enhanced abatement" option allowing local governments to either exclude some or all mills from industrial facility tax calculations or extend exemption certificates beyond the standard 12-year limit up to 25 years.

Requires applicants requesting enhanced abatement to submit a request, proposed reduction amount or extension period, and a statement of benefits explaining how the abatement is necessary to reduce unemployment, promote economic growth, and increase capital investment.

Mandates local legislative bodies determine enhanced abatement is necessary based on an ordinance or resolution and may impose conditions on facilities receiving enhanced benefits, with requirements included in written agreements.

Requires public hearings after the tenth year of any abatement exceeding 10 years to review facility compliance with written agreements and whether representations in benefit statements were made in good faith.

Adds grounds for certificate revocation if facilities fail to meet imposed requirements or if the purposes of enhanced abatement are not being fulfilled due to bad faith, and updates certificate content requirements to include any reduced mill amounts.