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MI HB5464
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Kristian Grant
Click for details
AI Summary
- Expands the definition of qualifying speculative buildings under Michigan's industrial facilities exemption certificate program to include warehousing and distribution facilities, in addition to manufacturing facilities
- Allows revocation of exemption certificates if a speculative building is used for purposes other than manufacturing, warehousing, or distribution before the certificate becomes effective
- Requires the State Tax Commission to revoke certificates when holders fail to complete facilities within required timeframes (2 years for most projects, 6 years for replacement/restoration) unless extensions are granted for good cause
- Permits reinstatement of revoked exemption certificates upon written request if the facility continues to qualify and the local government concurs
- Tied to HB 5463 and will only take effect if that companion bill is also enacted into law
Legislative Description
Economic development: plant rehabilitation; requirements related to the revocation of an industrial facilities exemption certificate; modify. Amends sec. 15 of 1974 PA 198 (MCL 207.565). TIE BAR WITH: HB 5463'26
Economic development: plant rehabilitation
Last Action
Bill Electronically Reproduced 01/21/2026
1/22/2026
Committee Referrals
Government Operations1/21/2026
Full Bill Text
No bill text available