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SB0676

Economic development: other; recodified tax increment financing act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 219, 402, 403, 404, 410, 412, 412a, 412b, 412c & 412e of 2018 PA 57 (MCL 125.4219 et seq.). TIE BAR WITH: SB 0631'25

Introduced·10/30/25
Introduced Text

Michigan SB0676 recodifies the Tax Increment Financing Act to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0676 amends the Tax Increment Financing Act to reflect the elimination of the Michigan Strategic Fund. It updates references to the Michigan Strategic Fund and its president to the Bureau of Fair Competition and Free Enterprise and its director. The bill also modifies provisions related to the capture of tax increment revenues and the use of tax increment financing plans.

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Where it stands

Current
Government Operations Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Oct 30, 2025

Senate

Introduced By Senator Thomas Albert

Oct 30, 2025

Senate

Referred To Committee On Government Operations