Two
bills were introduced yesterday to assist communities with economic development
at the request of the Michigan Municipal League and its members. House Majority Floor Leader Kathy Angerer
(D-Dundee) introduced HB 5327, which ensures that businesses can use in-state
equipment when they are granted a personal property tax abatement. Current law requires that equipment be “new
to the state” which means that businesses would have to purchase from out of
state rather than being able to purchase equipment from other businesses which
may go out of business. Rep. Sharon
Tyler (R-Niles) introduced HB 5285, which allows communities to offer
commercial rehabilitation tax incentives to owners of vacant property that was
previously used as commercial property. This will assist League communities with vacant
property (as a result of a fire, demolition, etc) to offer this tool and
attract jobs. The League thanks Reps.
Angerer and Tyler and looks forward to working on these bills.
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