Bill > SB0659

This bill amends the State Essential Services Assessment Act to reflect the elimination of the Michigan Strategic Fund by updating several key definitions and administrative processes. The bill transfers responsibilities from the Michigan Strategic Fund's board to a new Bureau of Fair Competition and Free Enterprise, changing terminology such as replacing "fund board resolution" with "bureau order" throughout the text. The bill modifies how exemptions are granted for certain types of personal property, specifically eligible manufacturing personal property and properties with industrial facilities exemptions. Specifically, the bill establishes new procedures for applying for assessment exemptions, which now require businesses to present a business plan demonstrating a minimum $25 million investment in eligible personal property, and allows the bureau to enter into agreements with eligible claimants. The bill also maintains the validity of existing Michigan Strategic Fund resolutions and agreements, ensuring a smooth transition of administrative responsibilities. When considering exemptions, the bureau must evaluate criteria such as out-of-state competition, net return to the state, investment levels, job creation, and potential economic benefits to Michigan. The bill is tied to another piece of legislation and will only take effect if that companion bill is also enacted.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0659