MI SB1153

Changes references in the brownfield redevelopment financing act exemption from section 2(o)(iv) to section 2(o)(v) to reflect updated statutory language.

Modifies the demonstration vehicle exemption to establish a cap of 25 cars and trucks per calendar year, with allowable units based on annual sales: 2 units for 0-25 sales, 7 units for 26-100 sales, 20 units for 101-500 sales, and 25 units for 501 or more sales.

Makes minor grammatical updates throughout the statute, changing "who" to "that," "shall be" to "is," and "in accordance with" to "according to."

Takes effect only if Senate Bill No. 1152 of the 101st Legislature is enacted into law.