The bill provides that property located in the alternative energy zone that was classified as commercial real property under the General Property Tax Act, and that the Michigan NextEnergy Authority, with the concurrence of the assessor of the local tax collecting unit, determined was not used to directly promote and increase the research, development, and manufacturing of alternative energy technology, would not be eligible for any exemption, deduction, or credit under the Act. (Under the Act, within an area designated as a renaissance zone, businesses and residents are eligible for certain tax exemptions and credits, including an exemption from property taxes, the State income tax, and the single business tax.)