MI HB5296

Amends the Income Tax Act to update references to the strategic outreach and attraction reserve fund, changing the citation to "former section 4" to reflect the fund's repeal

Corrects grammatical error by changing "neighborhood road fund" to "neighborhood roads fund" throughout the statute

Maintains existing revenue distribution structure: up to $1.2 billion to general fund first, then up to $50 million to Michigan housing and community development fund

Preserves scheduled deposits to the neighborhood roads fund, increasing from $688 million (2025-2026) to $1.04 billion (2029-2030 and beyond)

Takes effect only if House Bill No. 5294 is enacted into law (tie bar provision)