Michigan HB5640 requires the Michigan Department of Treasury to publish a monthly report on the fiscal impact of tariffs on the state's economy.

Michigan HB5640 amends the Michigan Department of Treasury's reporting requirements to include a monthly report on tariffs imposed in the state and their impact on the economy. This report will detail the net fiscal impact of tariffs on revenue collections made by the department during the previous month. The bill defines "tariffs" as any tariff levied by the United States government on another nation or by a foreign government on the United States on or after January 20, 2025. The report must also be submitted to the attorney general.

Michigan HB5640 requires the Michigan Department of Treasury to publish a monthly report on the fiscal impact of tariffs on the state's economy.

Michigan HB5640 amends the Michigan Department of Treasury's reporting requirements to include a monthly report on tariffs imposed in the state and their impact on the economy. This report will detail the net fiscal impact of tariffs on revenue collections made by the department during the previous month. The bill defines "tariffs" as any tariff levied by the United States government on another nation or by a foreign government on the United States on or after January 20, 2025. The report must also be submitted to the attorney general.