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MI SB0655
Bill
Status
10/30/2025
Primary Sponsor
Roger Victory
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AI Summary
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Amends the Michigan Business Tax Act to replace references to the Michigan Strategic Fund with the new "Bureau of Fair Competition and Free Enterprise" created under the Economic Development Fair Competition and Free Enterprise Act (SB 631)
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Updates references to the Michigan Economic Development Corporation to reflect it will become the Bureau of Fair Competition and Free Enterprise once SB 631 takes effect
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Designates former 2003 PA 296 (Michigan Early Stage Venture Investment Act) as repealed law, changing statutory citations from active references to "former" designation throughout the act
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Makes technical corrections including updating Internal Revenue Code section references, capitalizing proper nouns (National Register of Historic Places, Secretary of the Interior, Medicaid), and replacing "shall" with "must" throughout
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Contingent enactment: This bill only takes effect if Senate Bill 631 of the 103rd Legislature is enacted into law
Legislative Description
Economic development: other; Michigan business tax act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 107, 111, 415, 419, 435 & 460 of 2007 PA 36 (MCL 208.1107 et seq.). TIE BAR WITH: SB 0631'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025