SB 1140: Economic development: brownfield redevelopment authority; brownfield redevelopment financing act; amend to exempt museum authorities. Amends sec. 2 of 1996 PA 381 (MCL 125.2652). TIE BAR WITH: SB 1139'26, SB 1141'26
SB 1140 status: Introduced — SENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG (updated Aug 26, 2026).
What this bill does
Overall score
Bill summary
OfficialEconomic development: brownfield redevelopment authority; brownfield redevelopment financing act; amend to exempt museum authorities. Amends sec. 2 of 1996 PA 381 (MCL 125.2652). TIE BAR WITH: SB 1139'26, SB 1141'26. Currently in Senate.
Key analysis
Impact analysis
Environment
Benefits
- Encourages remediation of blighted properties for community use
- Aligns with existing brownfield environmental recovery goals
Risks
- Potential for minor reduction in tax capture revenue available for strictly environmental cleanup activities
Economy
Benefits
- Provides new financing options for museum development on brownfield sites
- Potentially spurs local tourism and economic revitalization
Risks
- Exemptions create a localized reduction in tax increment revenue pools
Society
Benefits
- Supports the expansion of cultural and historical infrastructure
- Facilitates the adaptive reuse of neglected urban structures for public benefit
Risks
- None identified
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
Tax increment financing (TIF) adjustments may indirectly affect funding for other local taxing jurisdictions
Effects are contingent on the passage of tie-barred legislation SB 1139 and SB 1141
Where it stands
Introduced
CurrentSENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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