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MI SB0641
Bill
Status
10/30/2025
Primary Sponsor
Thomas Albert
Click for details
AI Summary
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Amends the Revenue Act to replace references to the Michigan Strategic Fund Act with references to the new "economic development fair competition and free enterprise act" for disclosure of information required in economic development program reports
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Removes provisions allowing disclosure of information related to film production tax credits (section 455), investment expenditure certificates (section 457), and job training expenditure credits (section 459) under the Michigan Business Tax Act
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Updates statutory references to the Michigan Business Tax Act, changing the citation from "MCL 208.1101 to 208.1601" to "MCL 208.1101 to 208.1519"
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Makes technical language updates throughout, replacing "upon" with "on," "shall" with "must," and "nor" with "or"
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Contingent on enactment of Senate Bill 631 of the 103rd Legislature, which would eliminate the Michigan Strategic Fund
Legislative Description
Economic development: other; revenue division of department of treasury; amend to reflect elimination of the Michigan strategic fund. Amends sec. 28 of 1941 PA 122 (MCL 205.28). TIE BAR WITH: SB 0631'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025