This bill directs a specific portion of Michigan's individual income tax revenue to the Workforce Development HOPE Zone Fund. The funds are designated for employees working within designated HOPE zones and are intended to be distributed to qualified workforce development organizations through formal agreements. The legislation defines key terms such as "HOPE zone" and "qualified workforce development organization" by referencing existing state laws. The bill will only take effect if it is passed alongside a companion bill, HB 5852.
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.
This bill modifies Michigan's Enterprise Zone Act to clarify tax exemptions for properties located in Renaissance or HOPE zones, ensuring these areas receive specific tax relief. It explicitly states that casinos and their associated facilities, such as hotels and retail stores, are excluded from these exemptions. The legislation also outlines how any remaining specific taxes not covered by the exemption must be distributed among the local taxing units that originally imposed them. This change is contingent upon the passage of two related companion bills, HB 5852 and HB 5856, before it can take effect.
SB 995 proposes to create a new state tax credit for Michigan employers starting in 2026, allowing them to reduce their income tax liability by 50% of the federal Work Opportunity Tax Credit they would have received. This credit is available only to businesses that hire Michigan residents who are certified by the state unemployment agency as members of specific targeted groups facing employment barriers. The bill specifies that any unused portion of the credit cannot be refunded if it exceeds the employer's tax bill, and it includes provisions for flow-through entities to claim credits based on their share of business income.
This bill modifies Michigan's sales tax exemptions for data center equipment, requiring that these tax breaks continue only if specific job creation targets are met. For existing data centers, the exemption applies after 2022 only if at least 400 related jobs are created, and after 2026 only if at least 1,000 such jobs are established. For new enterprise data centers, the bill mandates that owners receive a certificate from the Michigan Strategic Fund confirming they plan to meet certain criteria within six years before they can claim the tax exemption. Additionally, the law requires these facilities to report annual data on employment and investments to the fund and achieve specific green building standards within three years of opening.
SB 988 modifies the deadline for property owners in Michigan to appeal a denial of a poverty-based tax exemption. Currently, individuals must file such an appeal within 30 days, but this bill extends that window to 35 days. The change applies specifically to claims rejected by the July or December board of review and allows appeals to be filed with the Michigan Tax Tribunal. The legislation also clarifies that appeals sent via the United States Postal Service are considered timely if they bear a postmark on or before the new deadline. This adjustment directly affects low-income property owners who seek relief from property taxes based on financial hardship.
This bill amends Michigan's Technology Park Development Act to exempt facilities located in HOPE zones from the technology park facilities tax. The exemption applies for the same duration and to the same extent as existing exemptions provided under the Helping Opportunity Prosper Everywhere (HOPE) Zone Act. The legislation is tied to companion bills that must also be enacted for this change to take effect.
This bill updates Michigan's tax increment financing laws to explicitly include dam repairs and maintenance as eligible projects for funding. By amending the definition of "water resource improvement," the legislation allows local authorities to use captured property tax growth to pay for fixing or maintaining dams within their districts. The change directly affects local governments and development authorities that manage waterways and seek to utilize tax increment financing for infrastructure work. No new taxes are created; instead, the bill clarifies which existing maintenance activities qualify for this specific financial tool.
This bill modifies Michigan's use tax laws to provide tax exemptions for data center equipment used by qualified facilities. It requires these facilities to obtain a certificate from the Michigan Strategic Fund, which mandates that they create a specific number of jobs and meet green building standards within a six-year timeframe. To maintain the exemption, operators must annually report on employment, investments, and compliance with environmental criteria to the state. The legislation applies to existing data centers through 2050 and to new enterprise data centers through 2065, provided they meet the established performance requirements.
This bill proposes a partial property tax exemption for homeowners in Michigan who sell their principal residence and purchase a new one within a specific timeframe. It would reduce the taxable value of the new home by 67% in the first year and 33% in the second year following the sale, but only if the new home's assessed value is more than 20% higher than the old home's value. The measure applies exclusively to properties that already qualify for school operating tax exemptions and requires the simultaneous passage of a companion bill to take effect.
