---
type: "Bill"
title: "Economic development: tax increment financing; retroactive application; allow. Amends sec. 402 of 2018 PA 57 (MCL 125.4402)."
description: "Economic development: tax increment financing; retroactive application; allow. Amends sec. 402 of 2018 PA 57 (MCL 125.4402)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2023-2024"
identifier: "HB 5074"
citation: "Michigan HB 5074 (2023-2024)"
classification: ["bill"]
subjects: ["Economic development: tax increment financing"]
status: "enacted"
primary_sponsors: ["Will Snyder"]
version_count: 5
action_count: 27
vote_count: 2
first_action: "2023-10-03"
last_action: "2023-12-31"
source: "openstates"
source_identifier: "ocd-bill/b030ee20-3fab-46e1-aaa3-d415616efbd4"
source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2023-HB-5074"
source_hash: "bf7b1acd82f690ed8b305aeefd5c97726a82e7f65239f4df4fbecf1c9dc4b562"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan HB 5074 (2023-2024) — Economic development: tax increment financing; retroactive application; allow. Amends sec. 402 of 2018 PA 57 (MCL 125.4402).

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2023-HEBH-5074.pdf)
2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2023-HEBS-5074.pdf)
3. **House Concurred Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billconcurred/House/pdf/2023-HCB-5074.pdf)
4. **House Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/House/pdf/2023-HIB-5074.pdf)
5. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2023-PA-0312.pdf)

## Votes

- passed; given immediate effect Roll Call # 383 Yeas 63 Nays 46 Excused 0 Not Voting 1 — **63–46** (pass) · lower
- PASSED ROLL CALL # 697 YEAS 24 NAYS 11 EXCUSED 3 NOT VOTING 0 — **24–11** (pass) · upper

## Sponsors

- Will Snyder — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-10-03** introduced by Representative Will Snyder `introduction`
- **2023-10-03** read a first time `reading-1`
- **2023-10-03** referred to Committee on Local Government and Municipal Finance `referral-committee`
- **2023-10-04** bill electronically reproduced 10/03/2023
- **2023-10-11** reported with recommendation without amendment `committee-passage`
- **2023-10-11** referred to second reading
- **2023-10-18** read a second time `reading-2`
- **2023-10-18** placed on third reading
- **2023-10-19** read a third time `reading-3`
- **2023-10-19** passed; given immediate effect Roll Call # 383 Yeas 63 Nays 46 Excused 0 Not Voting 1 `passage`
- **2023-10-19** transmitted
- **2023-10-24** REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT `referral-committee`
- **2023-11-07** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2023-11-07** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2023-11-08** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2023-11-08** PLACED ON ORDER OF THIRD READING
- **2023-11-08** RULES SUSPENDED
- **2023-11-08** PLACED ON IMMEDIATE PASSAGE
- **2023-11-08** PASSED ROLL CALL # 697 YEAS 24 NAYS 11 EXCUSED 3 NOT VOTING 0 `passage`
- **2023-11-08** INSERTED FULL TITLE
- **2023-11-08** returned from Senate without amendment with immediate effect and full title
- **2023-11-08** full title agreed to
- **2023-11-08** bill ordered enrolled
- **2023-12-31** presented to the Governor 12/06/2023 02:34 PM `executive-receipt`
- **2023-12-31** approved by the Governor 12/13/2023 05:02 PM `executive-signature`
- **2023-12-31** filed with Secretary of State 12/14/2023 10:10 AM
- **2023-12-31** assigned PA 312'23

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b030ee20-3fab-46e1-aaa3-d415616efbd4`. Confidence: reported (aggregated from official Michigan legislature records).