Detroit Zoo/DIA Millage Tax Capture Bills Pass Committee

Posted on April 17, 2013 by Dene Westbrook

Bills that would prohibit TIF districts from capturing tax revenue off the Detroit Zoo and DIA millages passed out of the House Tax Policy Committee unanimously today. HB 4458-4464 prohibit a TIF district from keeping tax increment revenues from ad valorem property taxes levied under the Zoological Authorities Act and the Art Institute Authorities Act. This language is added into the following acts:

Tax Increment Financing Authority Act
Downtown Development Authority Act
Brownfield Redevelopment Financing Act
Local Development Financing Act
Corridor Improvement Authority Act
Nonprofit Street Railway Act
Private Investment Infrastructure Act.

Nikki Brown is a legislative associate for the League handling economic development and land use issues. She can be reached at [email protected] or 517-908-0305.

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