Informing the Legislature that on June 25, 2026, the Governor signed the following bill into law: HB2429 HD2 SD2 CD1 (ACT 160).

This bill directs the state to annually evaluate tax expenditures, such as income tax credits and tax exemptions, to ensure they remain effective and aligned with current public priorities. The key provision requires the government to collect and analyze data on these financial incentives to measure their actual outcomes, like job creation or economic growth, against their costs. By reviewing this information regularly, the legislature can decide whether to continue, modify, or eliminate specific tax breaks that may no longer serve their intended purpose or create unfair market advantages. Ultimately, the law aims to improve fiscal accountability and ensure that tax policies deliver clear value to taxpayers rather than relying on outdated assumptions.