Bill
Bill > SB1018
MI SB1018
MI SB1018Economic development: Michigan strategic fund; approval and certification of certain research and development tax credits; authorize. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009). TIE BAR WITH: HB 5100'23, HB 5101'23, HB 5102'23, HB 5978'24, SB 1017'24, SB 1017'24
summary
Introduced
09/26/2024
09/26/2024
In Committee
09/26/2024
09/26/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"by amending the title and sections 7 and 9 (MCL 125.2007 and 125.2009), the title as amended by 2005 PA 225, section 7 as amended by 2020 PA 358, and section 9 as amended by 2024 PA 117.
AI Summary
This bill authorizes the Michigan Strategic Fund to determine the eligibility of and issue certificates to certain persons certified as qualified taxpayers for research and development tax credits under the Income Tax Act. The bill also requires the fund to cooperate with the Department of Treasury and assist in preparing tax credit reports required under the Income Tax Act. The bill's provisions will only take effect if Senate Bill 1017 of the 102nd Legislature is also enacted into law.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection (on 09/26/2024)
Bill Topics
Macroeconomics
- ‐ Industrial Policy
- ‐ Taxation, Tax Policy, and Tax Reform
Space, Science, Technology, and Communications
- ‐ Research and Development
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2024-SB-1018 | 09/26/2024 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2024-SIB-1018.htm | 09/26/2024 |
Loading...