Economic development: economic development corporations; regulations concerning the disclosure of the information required for the report described in section 10 of the Michigan economic growth authority act, 1995 PA 24, MCL 207.810; provide for. Amends sec. 28 of 1941 PA 122 (MCL 205.28).

HB 5414 amends Michigan's tax administration law to clarify when economic development corporations must disclose information for reports required under the Michigan Economic Growth Authority Act (MCL 207.810). The bill specifically allows these corporations to share the required report information with the public under the Freedom of Information Act (FOIA), while maintaining confidentiality for other sensitive tax data. This change directly affects economic development corporations and state agencies handling their reports, streamlining public access to certain economic development data. The bill does not alter tax collection procedures or create new financial obligations, only updating disclosure rules for existing reporting requirements.