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MI SB0657
Bill
Status
10/30/2025
Primary Sponsor
Thomas Albert
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AI Summary
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Transfers approval authority for personal property tax exemptions for eligible businesses from the president of the Michigan Strategic Fund to the director of the Bureau of Fair Competition and Free Enterprise
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Updates references throughout Section 9f of the General Property Tax Act to replace "president of the Michigan strategic fund" with "director of the bureau" for exemption approval decisions
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Requires the director of the bureau to provide written concurrence with the state treasurer when approving tax exemption resolutions for new personal property
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Updates the definition of "Next Michigan development corporation" and "Next Michigan development district" to reference "former 2010 PA 275" rather than the active Next Michigan Development Act
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Takes effect only if Senate Bill No. 631 and Senate Bill No. 659 of the 103rd Legislature are also enacted into law
Legislative Description
Economic development: other; the general property tax act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 9f of 1893 PA 206 (MCL 211.9f). TIE BAR WITH: SB 0631'25, SB 0659'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025