MI HB5817

Adds the history museum authorities act to the list of authorities whose property tax levies are exempted from tax increment financing capture across all six tax increment financing authority types (downtown development, tax increment finance, local development finance, transit operations finance, corridor improvement, and water resource improvement authorities).

Makes technical corrections throughout the statute by replacing archaic language with modern equivalents ("shall" changed to "must," "may include" changed to "includes," "prior to" changed to "before," "upon" changed to "on," and "which" changed to "that").

Corrects cross-reference errors, including fixing section reference from 815(5) to 715(5) in the water resource improvement authority definitions section.

Bill takes effect only if House Bill 4177 and either Senate Bill ____ or House Bill 5818 are also enacted into law.