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MI SB0472
Bill
AI Summary
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Establishes a new distribution of withholding tax revenues to the "More Jobs for Michigan Fund" for payments to authorized employers under written agreements for certified new jobs and protected jobs
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Amends the Income Tax Act to add Chapter 8F of the Michigan Strategic Fund Act alongside the existing "Good Jobs for Michigan" program (Chapter 8D) for tax revenue distributions
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Requires employers with written agreements under the new Chapter 8F program to separately report on tax returns the portion of withheld taxes attributable to certified new jobs
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Updates terminology and references throughout the income tax withholding provisions, including changing "shall" to "must" and removing outdated provisions for tax years before 2018
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Conditional enactment: Bill only takes effect if companion legislation (Senate Bill or House Bill request no. S00973'25/H00973'25) is also enacted into law
Legislative Description
Individual income tax: revenue distributions; earmark of withholding tax capture revenues into the more jobs for Michigan fund; provide for. Amends secs. 51f & 711 of 1967 PA 281 (MCL 206.51f & 206.711).
Individual income tax: revenue distributions
Last Action
Referred To Committee Of The Whole With Substitute (s-1)
12/17/2025