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MI SB0655
MI SB0655Economic 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
summary
Introduced
10/30/2025
10/30/2025
In Committee
10/30/2025
10/30/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2007 PA 36, entitled"Michigan business tax act,"by amending sections 107, 111, 415, 419, 435, and 460 (MCL 208.1107, 208.1111, 208.1415, 208.1419, 208.1435, and 208.1460), section 107 as amended by 2011 PA 292, section 111 as amended by 2014 PA 282, section 419 as amended by 2015 PA 194, section 435 as amended by 2012 PA 605, and section 460 as added by 2008 PA 335.
AI Summary
This bill amends several sections of the Michigan Business Tax Act to reflect changes related to the elimination of the Michigan Strategic Fund. The key provisions include technical modifications to definitions and references across multiple sections, specifically updating language related to the Michigan Strategic Fund. The bill makes several linguistic changes, such as changing references to the "Michigan strategic fund" to either refer to it as a former entity or to a new "bureau of fair competition and free enterprise" depending on the effective date of a related act. The modifications appear primarily administrative in nature, ensuring that existing legal language remains consistent after organizational changes. The bill is tied to the passage of Senate Bill 631, meaning it will only take effect if that companion bill is also enacted into law. These changes do not substantively alter tax rates or credit provisions, but rather update terminology and organizational references to reflect potential changes in economic development administrative structures.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Referred To Committee On Government Operations (on 10/30/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0655 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0655.htm |
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