Economic development: downtown development authorities; exemption from real estate transfer taxes; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 228a of 2018 PA 57 (MCL 125.4228a). TIE BAR WITH: HB 5811'24

This bill modifies Michigan law to clarify that downtown development authorities remain exempt from real estate transfer taxes after the state repealed its general real estate transfer tax act. It directly affects local government entities responsible for managing downtown revitalization projects by ensuring their property transfers are not subject to these fees. The legislation does not create new taxes or spending but simply updates existing rules to reflect the current tax landscape. Because it is tied to another bill, this measure will only become active if that companion legislation is also passed.