2024 House Bill 5979

Economic development: Michigan strategic fund; approval and certification of certain research and development tax credits; authorize.

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.

Official record

AI Analysis – Experimental

The bill amends the Michigan Strategic Fund Act to enhance economic development through expanded fund powers, tax credit eligibility, and detailed reporting requirements, contingent on the enactment of a related bill.

Introduced in the House

Sept. 26, 2024

Introduced by Rep. Denise Mentzer (D-61) and two co-sponsors

Co-sponsored by Reps. Donavan McKinney (D-14) and Doug Wozniak (R-59)

Referred to the Committee on Tax Policy