Industrial Facilities Tax Act (Plant Rehabilitation)
Current understanding
The Industrial Facilities Tax Act (1974 PA 198, MCL 207.551 et seq.) allows local units of government to establish plant rehabilitation districts and industrial development districts, granting reduced property tax treatment (the industrial facilities tax) to qualifying industrial property to encourage new investment and rehabilitation. SB 0793 (103rd Legislature) proposes amendments to sections 3, 6, 7, and 9 of the Act to modify plant rehabilitation and industrial facility tax provisions; the bill has passed one chamber. Specific changes to definitions, application procedures, certificate terms, and administrative requirements remain to be recorded from the enrolled text.
Evidence log
- 2026-07-29 — Economic development: brownfield redevelopment authority; transformational brownfield plan; modify. Amends secs. 2, 13c, 14a & 16 of 1996 PA 381 (MCL 125.2652 et seq.) & adds secs.16a & 16b.: SB 723 amending the Brownfield Redevelopment Financing Act (transformational brownfield plans) moves alongside SB 793 and other property tax incentive bills as part of a coordinated package updating Michigan’s local redevelopment tax tools. (novelty: 2)
- 2026-06-18 — Economic development: neighborhood enterprise zones; allowable percentage of neighborhood enterprise zones; modify. Amends sec. 3 of 1992 PA 147 (MCL 207.773).: cross-connection with neighborhood-enterprise-zone-act: Parallel local property tax incentive statutes (residential enterprise zones vs. industrial facilities) being updated in the same legislative wave. (novelty: 2)
- 2026-07-02 — Economic development: plant rehabilitation; industrial facility tax; modify. Amends secs. 3, 6, 7 & 9 of 1974 PA 198 (MCL 207.553 et seq.).: cross-connection with commercial-rehabilitation-act: SB 0793 (Industrial Facilities Tax Act) moves alongside SB 0722 (Commercial Rehabilitation Act) as part of a coordinated package updating Michigan’s local property tax incentive statutes for redevelopment. (novelty: 2)