A bill to amend 2000 PA 489, entitled “Michigan trust fund act,” by amending section 2 (MCL 12.252), as amended by 2023 PA 174; and to repeal acts and parts of acts.
House Bills 5292 through 5297 collectively overhaul Michigan’s economic development and fiscal framework by phasing out legacy business tax credits and repealing the Michigan Business Tax, creating a targeted high-wage job credit, restructuring state trust funds, tightening Administrative Board oversight, reallocating income tax revenues to boost neighborhood road funding and community development, and expanding transparency and reporting requirements for economic development programs, all contingent on related legislation.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
