Economic development: neighborhood enterprise zones; allowable percentage of neighborhood enterprise zones; modify. Amends sec. 3 of 1992 PA 147 (MCL 207.773).
Key claim: SB1053 proposes to modify the allowable percentage of neighborhood enterprise zones under Michigan’s 1992 Neighborhood Enterprise Zone Act (MCL 207.773).
Abstract
(SB1053 · 103rd Legislature) Economic development: neighborhood enterprise zones; allowable percentage of neighborhood enterprise zones; modify. Amends sec. 3 of 1992 PA 147 (MCL 207.773). Latest action (2026-06-24): Referred To Committee Of The Whole
Why this matters
Neighborhood Enterprise Zones give municipalities a tool to abate property taxes on residential rehabilitation and new construction in designated areas, so changing the allowable percentage cap directly affects how much of a community can be covered by these abatements — expanding or limiting local flexibility to attract housing investment. The change reshapes the balance between forgone property tax revenue for local taxing jurisdictions and incentives for developers and homeowners. SB 1053 fits into a broader 2026 wave of amendments to Michigan’s local property tax incentive statutes.