A bill to amend 1921 PA 2, entitled “An act to promote the efficiency of the government of the state, to create a state administrative board, to define the powers and duties thereof, to provide for the transfer to said board of powers and duties now vested by law in other boards, commissions, departments and officers of the state, and for the abolishing of certain of the boards, commissions, departments and offices, whose powers and duties are hereby transferred,” by amending section 3 (MCL 17.3), as amended by 2021 PA 143.
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.
Introduced
by
Referred to the Committee on Economic Competitiveness
