MI HB4333

Prohibits the Michigan Economic Growth Authority from entering into new written agreements for certified credits under specified sections of the Michigan business tax act, effective on the bill's enactment date.

Allows the authority to modify or amend existing agreements only if the modification reduces or maintains the net amount of credits to the authorized business, not increases it.

Prohibits extending the term for claiming credits in any circumstances through modifications or amendments to existing agreements.

Permits technical changes to existing agreements as long as they do not increase the net credit amount to the business.