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HB5296 • 2026

Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund. Amends sec. 695 of 1967 PA 281 (MCL 206.695). TIE BAR WITH: HB 5294'25

Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund. Amends sec. 695 of 1967 PA 281 (MCL 206.695). TIE BAR WITH: HB 5294'25

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Josh Schriver (District 66), Ann Bollin (District 49), Sarah Lightner (District 45)
Last action
2025-12-02
Official status
bill electronically reproduced 11/13/2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund. Amends sec. 695 of 1967 PA 281 (MCL 206.695). TIE BAR WITH: HB 5294'25

Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund.

What This Bill Does

  • Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund.
  • Amends sec.
  • 695 of 1967 PA 281 (MCL 206.695).
  • TIE BAR WITH: HB 5294'25

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-12-02 HJ 111 Pg. 0

    bill electronically reproduced 11/13/2025

  2. 2025-11-13 HJ 110 Pg. 1843

    introduced by Representative Rep. Josh Schriver

  3. 2025-11-13 HJ 110 Pg. 1843

    read a first time

  4. 2025-11-13 HJ 110 Pg. 1843

    referred to Committee on Economic Competitiveness

Official Summary Text

Corporate income tax: revenue distribution; distribution of corporate income tax revenue; modify to reflect repeal of the strategic outreach and attraction reserve fund. Amends sec. 695 of 1967 PA 281 (MCL 206.695). TIE BAR WITH: HB 5294'25