Economic development: other; HOPE zone exemption; provide for. Amends sec. 12 of 1984 PA 385 (MCL 207.712). TIE BAR WITH: HB 5852'26, HB 5856'26

This bill amends Michigan's Technology Park Development Act to exempt facilities located in HOPE zones from the technology park facilities tax. The exemption applies for the same duration and to the same extent as existing exemptions provided under the Helping Opportunity Prosper Everywhere (HOPE) Zone Act. The legislation is tied to companion bills that must also be enacted for this change to take effect.