MI HB5031

Allows certified technology parks to capture state education taxes for up to two additional 15-year periods beyond current limits, subject to approval by the state treasurer and Michigan Economic Development Corporation president

Permits certified technology parks to extend their agreements for an additional 15 years (up to twice) if they agree to capture only local taxes rather than state education taxes, with approval from local governing bodies

Extends capture period benefits to "distinct geographic areas" that partner with certified technology parks under existing agreements when the main park receives an extension

Updates population threshold for counting two certified technology parks as one from 750,000 to 600,000, reflecting changes in Michigan's largest city population

Corrects technical cross-references in the statute, including changing "section 402(dd)" to "section 402(ff)" and "section 411" to "section 11" of the state school aid act