Economic development: commercial redevelopment; HOPE zone exemption; provide for. Amends sec. 12 of 1978 PA 255 (MCL 207.662). TIE BAR WITH: HB 5852'26, HB 5856'26

This bill amends Michigan's Commercial Redevelopment Act to exempt new, replacement, or restored facilities located in designated HOPE zones from the commercial facilities tax. By removing this specific tax liability for properties in these zones, the legislation aims to provide financial relief to businesses undergoing redevelopment in areas identified for economic growth. The measure is tied to companion bills and will only take effect if all related legislation is passed by the legislature.