Michigan SB0647 amends the Income Tax Act of 1967 to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0647 amends the Income Tax Act of 1967 to reflect the elimination of the Michigan Strategic Fund. The bill makes changes to various sections of the act, including sections 51f, 266a, 270, 278, 676, 680, 696, 701, 711, 713, and 718. It removes references to the Michigan Strategic Fund and updates terminology related to the fund. The bill also includes provisions for the creation of the Revitalization and Placemaking Fund, which will receive money or other assets for economic development incentive evaluation.

Michigan SB0647 amends the Income Tax Act of 1967 to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0647 amends the Income Tax Act of 1967 to reflect the elimination of the Michigan Strategic Fund. The bill makes changes to various sections of the act, including sections 51f, 266a, 270, 278, 676, 680, 696, 701, 711, 713, and 718. It removes references to the Michigan Strategic Fund and updates terminology related to the fund. The bill also includes provisions for the creation of the Revitalization and Placemaking Fund, which will receive money or other assets for economic development incentive evaluation.