Economic development: tax increment financing; definition of tax increment revenues; exclude taxes levied under history museum authorities act. Amends secs. 201, 301, 402, 523, 603, 703 & 803 of 2018 PA 57 (MCL 125.4201 et seq.). TIE BAR WITH: SB 1139'26, SB 1140'26

This bill amends Michigan's recodified tax increment financing act to exclude property taxes levied under the history museum authorities act from the definition of "tax increment revenues." The change applies across multiple types of development authorities, including downtown development, local development finance, and neighborhood improvement authorities. By removing these specific museum-related taxes from the captured revenue pool, the bill prevents local economic development districts from using those funds for general development projects. The measure directly affects municipalities that have established tax increment financing districts overlapping with areas where history museum authorities operate.