SB1141 — Economic development: tax increment financing; definition of tax increment revenues; exclude taxes levied under history museum authorities act. Amends secs. 201, 301, 402, 523, 603, 703 & 803 of 2018 PA 57 (MCL 125.4201 et seq.). TIE BAR WITH: SB 1139'26, SB 1140'26

SB1141 — Economic development: tax increment financing; definition of tax increment revenues; exclude taxes levied under history museum authorities act. Amends secs. 201, 301, 402, 523, 603, 703 & 803 of 2018 PA 57 (MCL 125.4201 et seq.). TIE BAR WITH: SB 1139'26, SB 1140'26 · Informed CitizenryThis bill amends sections of 2018 PA 57 to provide comprehensive definitions for the tax increment financing act. It defines terms such as 'Advance,' 'Captured assessed value,' 'Catalyst developmen…Open in Informed Citizenry