HB4209 — Economic development: downtown development authorities; certain requirements for initial assessed value; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201).

HB4209 — Economic development: downtown development authorities; certain requirements for initial assessed value; modify. Amends sec. 201 of 2018 PA 57 (MCL 125.4201). · Informed CitizenryThis bill amends section 201 of the Recodified tax increment financing act (MCL 125.4201) by providing detailed definitions for various terms used within the law. Key definitions include: "Advance"…Open in Informed Citizenry