To extend to residential properties the taxing power of local “principal shopping district” and “business improvement district” authorities. These entities levy property taxes labeled special assessments on local businesses, and spend the money on projects intended to "promote economic activity" that benefits the owners. Under the bill these authorities could impose the taxes on home and residential property owners who are not currently subject to them. A similar bill was vetoed by Gov. Rick Snyder in 2017 due to concerns about extending these levies to homeowners.