2023 House Bill 5138

Economic development: other; certain funds directed to SOAR or CIP; require to be returned to the general fund.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending sections 88s and 88t (MCL 125.2088s and 125.2088t), section 88s as added by 2021 PA 136 and section 88t as added by 2021 PA 134.

Official record

Mackinac Center Analysis

If an economic development project is put on an indefinite hold, then the unexpended tax dollars from the corporate welfare revert back to the general fund.

Introduced in the House

Oct. 12, 2023

Introduced by Rep. Ann Bollin (R-49) and 13 co-sponsors

Co-sponsored by Reps. Sarah Lightner (R-45), Andrew Beeler (R-64), Bryan Posthumus (R-90), Matt Hall (R-42), Ken Borton (R-105), Donni Steele (R-54), Cameron Cavitt (R-106), Gregory Alexander (R-98), Mike Hoadley (R-99), Luke Meerman (R-89), Tom Kunse (R-100), William Bruck (R-30) and Jaime Greene (R-65)

Referred to the Committee on Appropriations