2023 House Bill 5107

State management: funds; reference to strategic outreach and attraction reserve fund in income tax act of 1967; modify.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 695 (MCL 206.695), as amended by 2023 PA 4.

Official record

AI Analysis – Experimental

House Bills 5104 and 5106 would amend the Michigan Strategic Fund Act and the Michigan Trust Fund Act, respectively, to replace the Strategic Outreach and Attraction Reserve (SOAR) Fund with the “Make it in Michigan” Fund. House Bills 5095, 5105, and 5107 would make complementary changes to other acts to reflect the transition to the Make it in Michigan Fund.

Introduced in the House

Oct. 5, 2023

Introduced by Rep. Joey Andrews (D-38) and three co-sponsors

Co-sponsored by Reps. Jason Hoskins (D-18), Rachel Hood (D-81) and Tyrone Carter (D-1)

Referred to the Committee on Economic Development and Small Business

Oct. 31, 2023

Reported without amendment