Corporate income tax: revenue distribution; earmark to support grant, fellowship, and internship programs offered by the Michigan Space Grant Consortium; provide for. Amends sec. 695 of 1967 PA 281 (MCL 206.695).

SB 790 redirects a portion of corporate income tax revenue to fund Michigan Space Grant Consortium (MSGC) programs. Beginning in the 2025-2026 fiscal year, the bill requires $250,000 (or the amount needed to fully fund NASA-related student grants, fellowships, and internships) annually to be allocated to support MSGC. This directly benefits Michigan residents pursuing undergraduate or graduate opportunities in space-related fields through NASA programs. The funds are transferred to the Michigan Economic Development Corporation for MSGC to administer, ensuring state support for student participation in federal space initiatives.