MI HB5462

Expands the definition of "qualified commercial activity" under Michigan's Plant Rehabilitation and Industrial Development Districts Act by removing the requirement that warehousing, distribution, or logistics properties must be located in a county that borders another state or Canada

Maintains existing requirements that qualified commercial activities must use at least 90% of the property (excluding green space) for warehousing, distribution, logistics, or communications center purposes and occupy buildings greater than 100,000 square feet

Reorganizes the definition of "industrial property" into a clearer list format with lettered and numbered subparagraphs while retaining all existing qualifying categories (high-technology activity, manufacturing, research and development, etc.)

Allows more properties statewide to potentially qualify for tax exemption certificates under the act, which provides property tax relief through plant rehabilitation districts and industrial development districts