HB5875 — 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 5880'26, HB 5874'26

HB5875 — 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 5880'26, HB 5874'26 · Informed CitizenryThis bill amends Section 228a of the Recodified Tax Increment Financing Act (2018 PA 57) to modify the exemption of downtown development authorities from real estate transfer taxes. Specifically, i…Open in Informed Citizenry