MI HB5979

Adds power to the Michigan Strategic Fund to determine eligibility of and issue certificates to qualified taxpayers for tax credits under sections 277 and 677 of the income tax act of 1967.

Expands the fund's authority in the act title to include provision of qualifications and eligibility determinations for income tax credits and other incentives.

Updates reporting requirements to reference "tax credit reports" required under sections 677 and 718 of the income tax act of 1967 that the fund must cooperate with the Department of Treasury to prepare.

Renames house committee references from "commerce and tourism" to "economic development and small business" and senate committee references from "small business" to "community" in notification procedures for bankruptcy filings and monthly board meeting information.

Takes effect only upon enactment of Senate Bill No. ____ or House Bill No. 5978 (request no. 05562'24) of the 102nd Legislature.