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SB676 • 2026

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

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

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Active

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

Sponsor
Thomas A. Albert (District 18)
Last action
2025-10-30
Official status
REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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: 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

Economic development: other; recodified tax increment financing act; amend to reflect elimination of the Michigan strategic fund.

What This Bill Does

  • 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

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. 2025-10-30 SJ 100 Pg. 1696

    INTRODUCED BY SENATOR THOMAS ALBERT

  2. 2025-10-30 SJ 100 Pg. 1696

    REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS

Official Summary Text

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