A bill to amend 1941 PA 122, entitled “An act to establish the revenue collection duties of the department of treasury; to prescribe its powers and duties as the revenue collection agency of this state; to prescribe certain powers and duties of the state treasurer; to establish the collection duties of certain other state departments for money or accounts owed to this state; to regulate the importation, stamping, and disposition of certain tobacco products; to provide for the transfer of powers and duties now vested in certain other state boards, commissions, departments, and offices; to prescribe certain duties of and require certain reports from the department of treasury; to provide procedures for the payment, administration, audit, assessment, levy of interests or penalties on, and appeals of taxes and tax liability; to prescribe its powers and duties if an agreement to act as agent for a city to administer, collect, and enforce the city income tax act on behalf of a city is entered into with any city; to provide an appropriation; to abolish the state board of tax administration; to prescribe penalties and provide remedies; and to declare the effect of this act,” by amending section 28 (MCL 205.28), as amended by 2023 PA 102.
House Bills 5411–5418 comprehensively overhaul Michigan’s economic development framework by strengthening transparency, reporting, and public disclosure requirements, conditioning or reducing incentives based on performance and compliance, expanding public access to tax and assistance data, enhancing oversight of brownfield and transformational projects, restricting or prohibiting selective business subsidies through an interstate compact, and limiting or withholding state economic development support when reporting, accountability, or compact standards are not met.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
