MI SB0473

Creates the "More Jobs for Michigan" program under the Michigan Strategic Fund, authorizing withholding tax capture revenue payments to businesses that create new jobs or maintain existing jobs at risk of leaving the state

Establishes three pathways for businesses to qualify: creating 25+ certified new jobs paying 135-175% of regional median wage, "transformational" projects creating 3,000+ jobs with $20 billion+ investment (up to 30-year incentives), or maintaining 50+ protected jobs for existing Michigan headquarters/operations

Sets program expiration for new agreements after December 31, 2032, with withholding tax capture payments lasting 10-30 years depending on project type and investment level

Requires applicants to disclose environmental and safety violations from the preceding 3 years, with disqualification for severe violators including those with 5+ environmental notices or OSHA criminal penalties

Repeals the Michigan Business Tax Act (effective for tax years after December 31, 2030) and the Michigan Economic Growth Authority Act (effective December 31, 2030)