RENAISSANCE ZONES                                                                   S.B. 671: FLOOR ANALYSIS

Senate Bill 671 (as reported) Sponsor: Senator Leon Stille

Committee: Local, Urban and State Affairs

CONTENT

The bill would amend the Neighborhood Enterprise Zone Act to provide that a new facility or a rehabilitated facility located in a renaissance zone under the Michigan Renaissance Zone Act (proposed by Senate Bill 668) would be exempt from the neighborhood enterprise zone tax to the extent and for the duration provided pursuant to the proposed Act.

MCL 207.779                                                                                     Legislative Analyst: L. Arasim

FISCAL IMPACT

Please see FISCAL IMPACT for Senate Bill 668.

Date Completed: 12-12-95                                                                      Fiscal Analyst: J. Wortley

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This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.