MI HB6328

Amends the Michigan Strategic Fund Act to add definitions for "qualified technology" (advanced propulsion and mobility technologies using clean fuel), "qualified investment" (minimum $20,000), and "research and development" (qualified research under Internal Revenue Code section 41(d)).

Expands eligible property to include property used for research and development of qualified technologies, allowing such projects to receive community revitalization incentives.

Community revitalization incentives for qualified technology investments are capped at 20% of the qualified investment amount, not to exceed $1,000,000 per applicant.

Modifies application review criteria so that certain standards (subsection 4(i)-(k) and (m)) do not apply to projects involving research and development of qualified technologies.

Maintains existing program requirements including the 90-day application review timeline, written agreements between the fund and applicants, and board approval processes for all community revitalization incentive awards.