SB 966 amends the State Housing Development Authority Act of 1966 to add new powers for the State Housing Development Authority in Michigan. The bill allows the authority to establish and collect fees for its publications, loans, and related services, and to use the resulting income for its corporate purposes. These funds are not considered interest and can be used to support the authority's housing initiatives, provided they are not pledged for bond repayment. The legislation directly affects the State Housing Development Authority by expanding its financial and operational capabilities to better serve housing needs across Michigan.
This bill requires Michigan school districts and public academies receiving specific weighted funding to use those funds for student achievement, including literacy, math, and direct English language development instruction. To qualify for this aid, districts must administer standardized English proficiency tests, implement a data-driven multi-tiered support system for all grades, and report detailed information to parents and the state department about how the money is spent. The legislation also mandates that districts allow state audits of their records and permits up to 2% of the funds to cover administrative costs related to compliance. Importantly, the bill will only take effect if a companion bill establishing the specific funding formula is also passed into law.
This bill establishes the state budget for Michigan for the fiscal year 2026-2027, allocating funds to various state departments, agencies, the judicial branch, and the legislative branch. It consolidates and adjusts appropriations from previous bills to ensure all state operations have the necessary financial resources for the upcoming year. The legislation includes conditions on how certain funds must be spent and outlines the procedures for distributing and utilizing the allocated budget. This omnibus measure directly impacts state government operations by providing the financial framework needed to run public services and government functions.
SB 722 amends Michigan's Commercial Rehabilitation Act to update eligibility rules for tax credits aimed at revitalizing commercial properties. It clarifies definitions of "qualified facility" (including new requirements for retail food establishments in underserved areas) and allows commercial rehabilitation districts to be smaller than 3 acres in downtowns or near qualifying food stores. The bill explicitly excludes stadiums and casinos from receiving tax benefits. These changes aim to streamline the process for property owners seeking credits while ensuring funds target specific revitalization projects.
SB 723 modifies Michigan's Brownfield Redevelopment Financing Act to streamline cleanup and development of contaminated or underused industrial sites. It defines "blighted" properties more clearly (e.g., sites with disconnections, fire hazards, or buried debris) and creates a new "transformational brownfield plan" that allows developers to capture tax revenues generated during construction. The bill establishes "construction period tax capture revenues" - taxes collected from wages paid during site improvements - which are calculated using a specific formula and reported to the state treasury. This policy directly affects developers, local governments, and property owners working on eligible brownfield sites, providing a new funding mechanism for redevelopment projects.
SB 106 creates a special vehicle registration plate in Michigan that supports animal welfare. Vehicle owners who purchase this plate will contribute funds to a dedicated "Protecting Michigan's Pets Fund," managed by the state treasurer. The fund receives all plate sale proceeds and disburses money quarterly to the Michigan Pet Alliance to support spay/neuter programs and care for homeless/abused animals in shelters. This bill directly affects plate buyers and provides a new funding source for animal welfare organizations.
HB 4187 modifies Michigan's corporate income tax law by adjusting how the tax base is calculated and clarifying revenue distribution. It requires corporations to add back certain taxes and expenses previously deducted for federal purposes (like state taxes or related-party royalties) and eliminates deductions for oil/gas and mineral-related income and expenses. For the 2021-2022 fiscal year, the bill directs $800 million of corporate tax revenue to the Michigan taxpayer rebate fund, while other years’ revenue flows to the general fund. This directly affects corporations operating in Michigan and the state’s budget allocation process.
SB 423 ends specific programs that helped homeowners pay overdue property taxes and avoid foreclosure. It directly affects property owners with delinquent taxes who previously could use these reduced payment options. The bill modifies existing law by setting expiration dates ("sunsetting") for these programs, meaning they will no longer be available after the specified dates. This change removes temporary relief measures, requiring affected homeowners to pay full delinquent taxes or face standard foreclosure processes.
SB 792 amends Michigan's "Obsolete Property Rehabilitation Act" to clarify definitions and update eligibility for tax exemptions on rehabilitation projects. The bill specifies that "obsolete property" includes blighted, functionally obsolete, or brownfield sites (e.g., industrial buildings converted to residential use), and defines "rehabilitation" to require major improvements (exceeding 10% of property value), excluding minor repairs. It refines criteria for local governments to establish rehabilitation districts, limiting eligibility to areas with economic hardship indicators like low median income or proximity to large cities. This affects property owners and local governments in designated districts by ensuring only substantial rehabilitation projects qualify for tax relief under the updated rules.
SB 793 amends Michigan's industrial facility tax law to clarify key definitions for tax exemption eligibility. It updates terms like "restoration" (major renovations to industrial properties, including structural improvements) and "speculative building" (new structures built without a specific tenant) to better align with current development practices. These changes directly affect local governments, economic development organizations, and businesses seeking tax benefits for industrial property improvements. The bill focuses on making the program's rules clearer without altering the core tax exemption structure.
