2026 Senate Bill 1072

Individual income tax: revenue distributions; earmark to 21st century jobs trust fund for the Michigan innovation fund program; provide for.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 695 (MCL 206.695), as amended by 2025 PA 24, and by adding section 51i.

AI Analysis – Experimental

Reallocates Michigan income tax revenues to provide sustained funding for the 21st Century Jobs Trust Fund and other key state initiatives, with specific annual allocations and updated priorities for fiscal years 2026-2027 through 2054-2055.

Introduced in the Senate

June 24, 2026

Introduced by Sen. Michael Webber (R-9)

Referred to the Committee on Appropriations