MI HB5101

Increases the annual cap on total tax capture revenues (income, withholding, and sales/use taxes) for transformational brownfield plans from $80,000,000 to $175,000,000

Modifies how "initial" tax values are calculated by changing the reference from the "tax year" when a resolution is adopted to a specified "base year" in the resolution that adds eligible property to the plan

Updates statutory references to the Income Tax Act chapter 17 provisions from MCL 206.701 to 206.715 to MCL 206.701 to 206.718

Excludes housing property from eligibility under transformational brownfield plans (section 13c), limiting such housing projects to standard brownfield plans under section 13

Establishes geographic distribution requirements for transformational brownfield plans approved after December 31, 2027, requiring that plans in cities with populations under 225,000 equal or exceed the number of plans in larger cities