HB 5099 Michigan House · 2023-2024 Regular Session

Economic development: Michigan strategic fund; research and development tax credit program report; require the Michigan strategic fund to assist in its preparation. Amends sec. 9 of 1984 PA 270 (MCL 125.2009).

This bill requires the Michigan Strategic Fund to submit an annual report detailing its economic development activities to state officials and the public by April 10 each year. The report must include specific data such as lists of recipients, project types, financial amounts, job creation and retention statistics, salary information, and the status of loans and bankruptcies. Additionally, the legislation mandates that the fund's annual audit be made available online and specifies that bankruptcy notices for major recipients must be shared with specific legislative committees. These changes aim to increase transparency and accountability for the fund's use of taxpayer money in supporting businesses and investments across Michigan.
Bill status signed all 5 stages cleared
Introduction
Oct 2023
Committee Review
Mar 2024
House Passage
Oct 2023
Senate Passage
Mar 2024
Signed into Law
Jul 2024
Introduced Oct 5, 2023 Signed Jul 30, 2024
Floor votes · Senate Mar 19, 2024 · House Oct 31, 2023

How they voted

2312
Passed · 3 other
Total votes 38
Mar 19, 2024
D Democratic20
18 Yea 2 Nay
90% Yea
R Republican18
5 Yea 10 Nay 3
55% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
29
Key actions
6
Committee
5
Amendments
2
Jul 30, 2024
Introduced
filed with Secretary of State 07/23/2024 12:42 PM
lower
Jul 30, 2024
Signed into law
approved by the Governor 07/23/2024 10:42 AM
lower
Apr 10, 2024
Introduced
returned from Senate without amendment with full title
lower
Mar 19, 2024
Upper · Passed
PASSED ROLL CALL # 82 YEAS 23 NAYS 12 EXCUSED 3 NOT VOTING 0
upper
Mar 19, 2024
Upper · Passed
REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
upper
Nov 1, 2023
Committee
REFERRED TO COMMITTEE OF THE WHOLE
upper
Oct 31, 2023
Introduced
title amended
lower
Oct 31, 2023
Lower · Passed
passed; given immediate effect Roll Call # 433 Yeas 77 Nays 33 Excused 0 Not Voting 0
lower
Oct 31, 2023
Lower · Passed
substitute (H-1) adopted
lower
Oct 25, 2023
Committee
referred to second reading
lower
Oct 25, 2023
Lower · Passed
reported with recommendation without amendment
lower
Oct 5, 2023
Committee
referred to Committee on Economic Development and Small Business
lower
Oct 5, 2023
Introduced
introduced by Representative Rachel Hood
lower
1 primary · 12 co-sponsors

Sponsors