HB5813 — Economic development: downtown development authorities; exemption from real estate transfer taxes; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 228a of 2018 PA 57 (MCL 125.4228a). TIE BAR WITH: HB 5811'24

HB5813 — Economic development: downtown development authorities; exemption from real estate transfer taxes; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 228a of 2018 PA 57 (MCL 125.4228a). TIE BAR WITH: HB 5811'24 · Informed CitizenryThis bill amends section 228a of 2018 PA 57, which concerns tax increment financing. It states that beginning January 1, 2010, an authority shall be exempt from all taxation on its earnings or prop…Open in Informed Citizenry