MI SB0790

Earmarks $250,000 annually (or more if needed) from corporate income tax revenue to the Michigan Strategic Fund for transfer to the Michigan Economic Development Corporation to support NASA-related grant, fellowship, and internship programs offered by the Michigan Space Grant Consortium (MSGC)

Funds must be used to sponsor Michigan resident undergraduate and graduate students applying for NASA-related programs through the MSGC, including administrative costs

Maintains the existing $50,000,000 annual deposit to the Michigan Housing and Community Development Fund from corporate income tax revenue

Establishes a permanent revenue distribution structure beginning with the 2025-2026 fiscal year, with remaining corporate income tax revenue going to the general fund after the housing and MSGC deposits

Amends the Income Tax Act of 1967 (Section 695) and was introduced by Senator Webber on February 18, 2026