2025 Senate Bill 676

Economic development: other; recodified tax increment financing act; amend to reflect elimination of the Michigan strategic fund.

A bill to amend 2018 PA 57, entitled “Recodified tax increment financing act,” by amending sections 219, 402, 403, 404, 410, 412, 412a, 412b, 412c, and 412e (MCL 125.4219, 125.4402, 125.4403, 125.4404, 125.4410, 125.4412, 125.4412a, 125.4412b, 125.4412c, and 125.4412e), section 402 as amended by 2023 PA 312.

AI Analysis – Experimental

SB 631-683 is a bill package intended to eliminate the Michigan Economic Development Corporation and reshape Michigan's approach to job creation.

Introduced in the Senate

Oct. 30, 2025

Introduced by Sen. Thomas Albert (R-18)

Referred to the Committee on Government Operations