2025 House Bill 5297

Economic development: Michigan strategic fund; Michigan strategic fund act; amend to reflect elimination of the strategic outreach and attraction reserve fund, Michigan strategic site readiness program, and critical industry program.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending section 9 (MCL 125.2009), as amended by 2024 PA 117.

Official record

AI Analysis – Experimental

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 in the House

Nov. 13, 2025

Introduced by Reps. Sarah Lightner (R-45) and Ann Bollin (R-49)

Referred to the Committee on Economic Competitiveness