MI HB5102

Requires the Michigan Department of Treasury, in cooperation with the Michigan Strategic Fund board of directors, to submit an annual report by July 1 each year to the legislature, governor, and fiscal agencies on research and development tax credits under sections 677 and 717.

Report must include an assessment of the overall effectiveness of the research and development tax credits, with the department able to use provisions from the economic development incentive evaluation act to satisfy this requirement.

Report must identify the number of authorized businesses filing tentative claims for research and development tax credits in the preceding calendar year and list each authorized business submitting claims with the credit amounts allowed.

Report must identify each authorized business claiming additional credits for collaboration with a Michigan research university and the amount of those additional credits for the preceding calendar year.

Allows the Michigan Strategic Fund board to delegate actions to authorized employees, officers, and agents of the fund, including employees of the Michigan Economic Development Corporation (MEDC).