    {"id":1905,"date":"2013-05-16T13:56:28","date_gmt":"2013-05-16T18:56:28","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=1905"},"modified":"2013-05-16T13:56:28","modified_gmt":"2013-05-16T18:56:28","slug":"bills-to-exempt-detroit-zoo-and-dia-millages-from-tax-capture-pass-senate-committee","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2013\/05\/16\/bills-to-exempt-detroit-zoo-and-dia-millages-from-tax-capture-pass-senate-committee\/","title":{"rendered":"Bills to Exempt Detroit Zoo and DIA Millages from Tax Capture Pass Senate Committee"},"content":{"rendered":"<p>HB 4458-4464 passed the Senate Economic Development Committee this week.\u00a0 These would 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.\u00a0 This language is added into the following acts:<\/p>\n<ul>\n<li>Tax Increment Financing Authority Act<\/li>\n<li>Downtown Development Authority Act<\/li>\n<li>Brownfield Redevelopment Financing Act<\/li>\n<li>Local Development Financing Act<\/li>\n<li>Corridor Improvement Authority Act<\/li>\n<li>Nonprofit Street Railway Act<\/li>\n<li>Private Investment Infrastructure Act.<\/li>\n<\/ul>\n<p>There is a larger discussion happening in the legislature on TIF tax capture in general.\u00a0 <strong>I would encourage you to contact your legislators and let them know the benefit of the TIFs used in your community as well as give them an idea of the investments that they have brought into the area so they can understand the importance of them for economic development purposes.<\/strong>\u00a0 These are a few of the last tools communities have to revitalize struggling areas and to not have them or severely limit them would have a detrimental impact on not just the municipality but the entire region.<\/p>\n<p><em>Nikki Brown is a legislative associate for the League handling economic development and land use issues.\u00a0 She can be reached at nbrown@mml.org or 517-908-0305.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HB 4458-4464 passed the Senate Economic Development Committee this week.\u00a0 These would 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.\u00a0 This language is added into the following acts: Tax Increment Financing Authority  [&#8230;]<\/p>\n","protected":false},"author":454,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10,22],"tags":[],"class_list":["post-1905","post","type-post","status-publish","format-standard","hentry","category-economic-development","category-legislative-link-articles","mml-onemagnify-plugin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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