Economic development: plant rehabilitation; HOPE zone exemption; provide for. Amends sec. 11 of 1974 PA 198 (MCL 207.561). TIE BAR WITH: HB 5852'26, HB 5856'26

HB 5858 amends Michigan law to clarify how specific taxes and administrative fees are collected from owners of industrial facilities that have received tax exemption certificates. The bill establishes rules for distributing these payments, directing funds to the state treasury to support school aid rather than local districts in most cases, while allowing certain districts to retain funds under specific conditions. It also outlines procedures for calculating tax shares and includes provisions for districts that may or may not receive state aid in future fiscal years. This legislation directly affects property owners of industrial facilities, local and intermediate school districts, and the state treasury.