Michigan SB0558 amends the Michigan Strategic Fund to create an aerospace and defense incentive program.
Michigan SB0558 amends the Michigan Strategic Fund to establish an aerospace and defense incentive program. This program aims to preserve, protect, and enhance military installations in the state, and to support defense and aerospace-related manufacturing and initiatives. The fund, in cooperation with the Office of Defense and Aerospace Innovation and the Department of Treasury, will develop and use a detailed application, approval, and certification process for businesses to apply for tax credits.
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