MI SB0579

Creates the High-Wage Incentive for Regional Employment in (H.I.R.E.) Michigan program under new chapter 8F to provide withholding tax capture revenue transfers to eligible businesses that create high-wage jobs in Michigan.

Establishes job creation requirements of either 250 jobs at 150% of regional median wage, 25 jobs at 175% of regional median wage, or 25 jobs at 135% of regional median wage in counties with populations of 50,000 or less.

Limits annual commitments to $125,000,000 in total withholding tax capture revenues and caps individual agreements at 10 years duration, with fund authority to approve up to 100% of withholding tax capture revenues.

Requires eligible businesses to meet environmental and occupational safety compliance standards, including no more than 4 unresolved environmental violations in the prior 3 years and no serious occupational safety violations.

Modifies annual fund reporting requirements to include program activities for good jobs for Michigan (chapter 8D) and the new H.I.R.E. Michigan program (chapter 8F), with effectiveness contingent on passage of Senate Bill 580.