Economic development: brownfield redevelopment authority; tax capture by brownfield redevelopment authorities; exempt certain special millages.

This bill amends Michigan's Brownfield Redevelopment Financing Act to update definitions and clarify how local authorities can capture tax revenue to fund redevelopment projects. It expands the definition of "blighted" property to include specific conditions like fire hazards, disconnected utilities, and properties owned by land banks, while also detailing how to calculate taxes based on wage payments during construction. Additionally, the legislation provides exemptions for certain special millages and establishes clearer rules for what activities count as eligible environmental improvements under a brownfield plan. These changes aim to streamline the process for municipalities and state agencies to redevelop contaminated or underutilized sites by ensuring they have access to specific funding mechanisms.