A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending sections 30, 623, and 815 (MCL 206.30, 206.623, and 206.815), section 30 as amended by 2023 PA 4 and section 623 as amended and section 815 as added by 2021 PA 135.
House Bills 4512 and 4513 establish a program for Bitcoin mining using abandoned oil or gas wells in Michigan, requiring participants to manage well plugging and site restoration in exchange for temporary resource use, with oversight and funding from the orphan well fund.
Co-sponsored by Reps.
Referred to the Committee on Communications and Technology