SB 1141: 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
SB 1141 status: Introduced — SENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG (updated Aug 26, 2026).
What this bill does
Overall score
Bill summary
OfficialEconomic 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. Currently in Senate.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified.
Risks
- No direct environmental impact identified.
Economy
Benefits
- Provides legislative clarity for local economic development authorities.
- Improves predictability for tax capture calculations.
Risks
- Could marginally reduce the tax base available for TIF-funded infrastructure.
Society
Benefits
- Protects the independence of history museum authority funding.
Risks
- Limited broad social impact.
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
Requires concurrent passage of SB 1139 and SB 1140 to take effect.
The bill is part of a legislative package (tied to SB 1139 and SB 1140); full policy impact depends on the passage of all three bills.
Where it stands
Introduced
CurrentSENATE CO-SPONSOR(S) NAMED: STEPHANIE CHANG
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
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