{"id":5107,"date":"2016-06-09T10:30:45","date_gmt":"2016-06-09T14:30:45","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=5107"},"modified":"2016-06-09T10:30:45","modified_gmt":"2016-06-09T14:30:45","slug":"bill-to-consolidate-tif-authorities-introduced","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2016\/06\/09\/bill-to-consolidate-tif-authorities-introduced\/","title":{"rendered":"Bill to Consolidate TIF Authorities Introduced"},"content":{"rendered":"<p>Legislation was introduced yesterday, <a href=\"http:\/\/legislature.mi.gov\/(S(dc0y5tkt5czd1aqimtfmlldo))\/mileg.aspx?page=getObject&amp;objectName=2016-SB-1026\">SB 1026<\/a>, to consolidate all tax increment financing authorities, excluding BRAs, in to one act. Each of the individual acts were incorporated in to the new structure without change. The bill was referred to the Senate Committee on Economic Development and International Investment.<\/p>\n<p>A hearing was held this morning for Senate Policy staff to give an overview of the bill. No other testimony was taken.\u00a0In addition to combining the TIF authorities under one act, this legislation focuses on reporting requirements and accountability for adhering to those requirements. It also outlines measures for transparency.<\/p>\n<p>The sponsor said he is committed to working with stakeholders, including the League, over the summer to receive feedback on this bill. The League has been meeting with the sponsor and Senate staff over the last several months and will be heavily involved in discussions as the committee considers this legislation.<\/p>\n<p><em>Jennifer Rigterink\u00a0is a legislative associate for the League handling economic development, land use and municipal services issues. \u00a0She can be reached at jrigterink@mml.org or 517-908-0305.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legislation was introduced yesterday, SB 1026, to consolidate all tax increment financing authorities, excluding BRAs, in to one act. Each of the individual acts were incorporated in to the new structure without change. The bill was referred to the Senate Committee on Economic Development and International Investment. A hearing was  [&#8230;]<\/p>\n","protected":false},"author":459,"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":[1],"tags":[],"class_list":["post-5107","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bill to Consolidate TIF Authorities Introduced - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2016\/06\/09\/bill-to-consolidate-tif-authorities-introduced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bill to Consolidate TIF Authorities Introduced - Inside 208\" \/>\n<meta property=\"og:description\" content=\"Legislation was introduced yesterday, SB 1026, to consolidate all tax increment financing authorities, excluding BRAs, in to one act. Each of the individual acts were incorporated in to the new structure without change. The bill was referred to the Senate Committee on Economic Development and International Investment. 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