KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Michigan

HB5416 • 2026

Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for. Amends sec. 5 of 1984 PA 270 (MCL 125.2005).

Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for. Amends sec. 5 of 1984 PA 270 (MCL 125.2005).

Taxes
Active

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

Sponsor
Jimmie Wilson (District 32), Dylan Wegela (District 26), Mike Hoadley (District 99), Mike Harris (District 52), Mike McFall (District 14), Matt Maddock (District 51), Jay DeBoyer (District 63), Gregory Alexander (District 98), Bryan Posthumus (District 90), Pat Outman (District 91)
Last action
2025-12-23
Official status
bill electronically reproduced 12/18/2025
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.

Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for. Amends sec. 5 of 1984 PA 270 (MCL 125.2005).

Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for.

What This Bill Does

  • Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for.
  • Amends sec.
  • 5 of 1984 PA 270 (MCL 125.2005).

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. 2025-12-23 HJ 118 Pg. 2019

    bill electronically reproduced 12/18/2025

  2. 2025-12-18 HJ 117 Pg. 1993

    introduced by Representative Rep. Jimmie Wilson Jr.

  3. 2025-12-18 HJ 117 Pg. 1993

    read a first time

  4. 2025-12-18 HJ 117 Pg. 1993

    referred to Committee on Economic Competitiveness

Official Summary Text

Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for. Amends sec. 5 of 1984 PA 270 (MCL 125.2005).