Economic development: tax increment financing; definition of tax increment revenues; exclude taxes levied under history museum authorities act. Amends secs. 201, 301, 402, 523, 603, 703 & 803 of 2018 PA 57 (MCL 125.4201 et seq.). TIE BAR WITH: SB 1139'26, SB 1140'26

This bill would change the rules for tax increment financing by excluding taxes levied under the history museum authorities act from the definition of tax increment revenues. In plain terms, those museum-related taxes would not count as revenues that can be captured for these financing plans.