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2022 Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
AN ACT to provide for the recodification and establishment of certain tax increment finance authorities; to prescribe the powers and duties of the authorities; to correct and prevent deterioration in residential, commercial, and industrial areas and certain other areas; to authorize the acquisition and disposal of interests in real and personal property; to authorize the creation and implementation of development plans and development areas; to promote residential and economic growth; to create certain boards; to prescribe the powers and duties of certain boards; to authorize the issuance of bonds and other evidences of indebtedness; to levy certain taxes; to authorize the use of tax increment financing; to prescribe powers and duties of certain state officials; to provide for rule promulgation; to provide for enforcement of this act; and to repeal acts and parts of acts.
History: 2018, Act 57, Eff. Jan. 1, 2019
- 57-2018-1 - Part 1 General Provisions (125.4101...125.4104)
- 57-2018-2 - Part 2 Downtown Development Authorities (125.4201...125.4230)
- 57-2018-3 - Part 3 Tax Increment Finance Authorities (125.4301...125.4329)
- 57-2018-4 - Part 4 Local Development Finance Authorities (125.4401...125.4420)
- 57-2018-5 - Part 5 Nonprofit Street Railways (125.4503...125.4527)
- 57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)
- 57-2018-7 - Part 7 Water Resource Improvement Authorities (125.4702...125.4722)
- 57-2018-8 - Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)
- 57-2018-9 - Part 9 Reporting Requirements (125.4901...125.4915)
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