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Michigan 2025-2026

SB 553

Economic development: tax increment financing; water resource improvement authorities; modify. Amends secs. 703, 705 & 710 of 2018 PA 57 (MCL 125.4703 et seq.).

Source: Open States / PluralUpdated 2026-10-27 00:11:01 UTC.

Official record

Measure details

Jurisdiction
Michigan
Session
2025-2026
Chamber
upper
Classification
bill
Subjects
Economic development: tax increment financing
Introduced / first action
2025-09-18 00:00:00

Sponsors

Source-supplied history

Actions

  1. referred to Committee on Government Operations

    referral-committee
  2. read a first time

    reading-1
  3. received on 04/21/2026

    introduction
  4. PASSED ROLL CALL # 57 YEAS 25 NAYS 10 EXCUSED 2 NOT VOTING 0

    passage
  5. AMENDMENT(S) DEFEATED

    amendment-failure
  6. PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)

  7. SUBSTITUTE (S-1) CONCURRED IN

  8. REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)

    committee-passage
  9. REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)

    referral-committee
  10. REPORTED FAVORABLY WITH SUBSTITUTE (S-1) 3/25/2026

    committee-passage
  11. REFERRED TO COMMITTEE ON LOCAL GOVERNMENT

    referral-committee
  12. INTRODUCED BY SENATOR SAM SINGH

    introduction