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MI SB0665
Bill
Status
10/30/2025
Primary Sponsor
Thomas Albert
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AI Summary
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Updates a cross-reference in the Local Community Stabilization Authority Act, changing the citation for "eligible personal property" from section 3(e)(i) to section 3(g)(i) of the State Essential Services Assessment Act (MCL 211.1053)
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Makes minor technical language changes, replacing phrases like "prior to" with "before," "in order" with simpler constructions, and "provided that" with "if"
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Maintains existing definitions related to personal property tax exemptions, tax increment financing authorities, and reimbursement calculations for municipalities affected by industrial and commercial personal property tax exemptions
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Contains a tie bar provision requiring Senate Bill No. 659 of the 103rd Legislature to be enacted into law before this amendatory act takes effect
Legislative Description
Economic development: other; local community stabilization authority act; amend to update the cross-reference to MCL 211.1053. Amends sec. 5 of 2014 PA 86 (MCL 123.1345). TIE BAR WITH: SB 0659'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025