Economic development: other; revenue division of department of treasury; amend to reflect elimination of the Michigan strategic fund. Amends sec. 28 of 1941 PA 122 (MCL 205.28). TIE BAR WITH: SB 0631'25

SB 641 amends Section 28 of Michigan's Revenue Act (1941 PA 122) to remove references to the Michigan Strategic Fund, which was eliminated by prior legislation. This change updates the state's tax administration law to reflect current structure, ensuring the Department of Treasury's procedures no longer reference the defunct fund. The bill directly affects state treasury operations and administrative processes governed by the Revenue Act. It does not alter tax policies or create new requirements but aligns statutory language with the elimination of the Michigan Strategic Fund.