Michigan · 2025-2026 Regular Session · Bill

SB 553: Economic development: tax increment financing; water resource improvement authorities; modify. Amends secs. 703, 705 & 710 of 2018 PA 57 (MCL 125.4703 et seq.).

Passed one chamber Last action April 21, 2026: referred to Committee on Government Operations

Plain-language summary

SB 553 is a bill introduced in the Michigan Senate on September 18, 2025. According to its official title, it concerns: Economic development: tax increment financing; water resource improvement authorities; modify. Amends secs. 703, 705 & 710 of 2018 PA 57 (MCL 125.4703 et seq.). Primary sponsor: Sam Singh (Democratic). Most recent recorded action (April 21, 2026): referred to Committee on Government Operations.

Sponsors

Primary sponsor: Sam Singh (Democratic).