The state House today unanimously approved a comprehensive package that encourages more brownfield redevelopment in Michigan s urban areas and attracts new jobs. State Reps. Randy Richardville, Clark Bisbee, Cameron Brown and Stephen Ehardt are sponsoring the legislation. The package implements tax incentives to encourage reuse of brownfields in core cities, alleviating pressure to develop outlying rural areas.
Local municipalities can establish obsolete property rehabilitation districts under the bills.
Buildings and improvement projects within these districts are eligible for property tax exemptions from one to 12 years. The package also extends the use of tax increment financing to include infrastructure improvements, lead and asbestos abatement, site preparation, demolition and clean-up costs. The entire brownfield redevelopment package received unanimous bipartisan support today from the House. It now goes to the Senate for consideration.