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.
Key claim: Michigan SB 723 amends the Brownfield Redevelopment Financing Act to modify transformational brownfield plan rules and add new sections 16a and 16b.
Abstract
(SB0723 · 103rd Legislature) 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. Sponsor: Sen. Sarah Anthony (D) Latest vote: House Third Reading: Given Immediate Effect Roll Call #289 — 82-26 (passed, 2026-07-03) Latest action (2026-07-29): Assigned Pa 0036’26 With Immediate Effect
Why this matters
Transformational brownfield plans let developers capture state and local tax increments to finance large-scale redevelopment of contaminated, blighted, or functionally obsolete property, making them one of Michigan’s most consequential economic development subsidies for taxpayers and municipalities. Amending the eligibility, plan-approval, and reporting rules — and adding new sections 16a and 16b — changes how much public revenue can be diverted to private projects and under what conditions, directly affecting developers, host communities, and state general fund exposure. Because the change is enacted, the new terms govern future plan approvals immediately.