MI HB5818

Adds "history museum authorities act" to the list of taxes excluded from tax increment revenues captured under brownfield redevelopment plans in section 2(eee)(iii).

Creates an exemption so that ad valorem property taxes and specific taxes levied under the history museum authorities act are not counted toward the tax increment revenues available for brownfield redevelopment financing.

Applies to eligible property subject to brownfield plans by preventing those municipalities from using museum authority taxes for brownfield project funding.

Bill takes effect only if House Bill No. 4177 and Senate Bill No. 5317 (or House Bill No. 5317) are also enacted into law.