MI SB1018

Amends the Michigan Strategic Fund Act to add tax credit eligibility determination powers, specifically authorizing the fund to certify qualified taxpayers for income tax credits under sections 277 and 677 of the 1967 Income Tax Act.

Adds "to provide qualifications for and determine eligibility for income tax credits and other incentives for certain persons" to the act's title to reflect the fund's expanded responsibilities.

Changes references in reporting requirements from "commerce and tourism committee" to "economic development and small business committee" in the House and from "small business development" to "community development" in the Senate committee names.

Modifies reporting language to reference "tax credit reports" required under sections 677 and 718 of the 1967 Income Tax Act, requiring the fund to cooperate with the Department of Treasury in preparing these reports.

Contains a tie-bar provision making the act effective only if Senate Bill No. 1017 of the 102nd Legislature is enacted into law.