Economic development: plant rehabilitation; industrial facility tax; modify. Amends secs. 3, 6, 7 & 9 of 1974 PA 198 (MCL 207.553 et seq.).
Key claim: Michigan SB0793 proposes amendments to the Industrial Facilities Tax Act (1974 PA 198) to modify plant rehabilitation and industrial facility tax provisions for economic development purposes.
Abstract
(SB0793 · 103rd Legislature) Economic development: plant rehabilitation; industrial facility tax; modify. Amends secs. 3, 6, 7 & 9 of 1974 PA 198 (MCL 207.553 et seq.). Latest action (2026-07-03): Referred To Committee On Regulatory Reform
Why this matters
The Industrial Facilities Tax Act is a core Michigan business incentive that lets municipalities halve property taxes on qualifying new industrial investment and rehabilitated plants, making it a key tool for manufacturers, local tax bases, and workforce retention. SB 0793’s modifications — moving as part of a broader package with the Commercial Rehabilitation, Obsolete Property Rehabilitation, and Brownfield acts — signal a coordinated recalibration of how Michigan structures economic development tax abatements. Changes to definitions, certificate terms, or administrative procedures can shift which employers qualify and how much revenue local governments and schools forgo.