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Economic development: Michigan strategic fund; aerospace and defense incentive program; create and administer. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009) & adds sec. 88v.
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Energy: alternative sources; shared savings mechanism; provide for. Amends 1939 PA 3 (MCL 460.1 - 460.11) by adding sec. 6x.
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Housing: condominium; definition of undeveloped land; modify. Amends sec. 67 of 1978 PA 59 (MCL 559.167).
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Public employees and officers: compensation and benefits; regional airport authorities; include in the publicly funded health insurance contribution act. Amends sec. 2 of 2011 PA 152 (MCL 15.562).
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Individual income tax: property tax credit; definition of homestead; modify. Amends sec. 508 of 1967 PA 281 (MCL 206.508).
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Individual income tax: property tax credit; owner and eligibility of a homestead placed in certain trusts; clarify. Amends sec. 510 of 1967 PA 281 (MCL 206.510).
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Neutral
Public utilities: public service commission; certain provisions regarding rate cases and integrated resource plans; eliminate. Amends secs. 6a, 6m & 6t of 1939 PA 3 (MCL 460.6a et seq.); adds sec. 6x & repeals sec. 6aa of 1939 PA 3 …