Budget & Taxes

in committee · Michigan · Senate Apr 23, 2026

SB 925: Economic development: Michigan strategic fund; community development tax credit program; establish and administer. Amends secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009). TIE BAR WITH: SB 0923'26

This bill amends the Michigan Strategic Fund Act to expand the fund's existing legal powers and operational capabilities. It directly affects the Michigan Economic Development Corporation by allowing it to perform a wider range of financial and administrative tasks, such as issuing bonds, managing job training funds, and operating brownfield investment programs. The key provision updates the statute to explicitly authorize the fund to create new accounts, secure loans for export transactions, and pursue repayment of grants that fail to meet agreement terms. By clarifying these authorities within the current law, the legislation aims to provide a more robust legal framework for the fund's economic development activities without altering its core mission.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands Michigan Strategic Fund powers to issue bonds and manage job training, increasing state economic development capacity and funding for essential programs.85% confidence

Sub-Topics Tax Credits Tags Economic Development

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in committee · Michigan · House May 14, 2026

HB 5967: Individual income tax: other; first-time home buyer savings program; extend sunset. Amends sec. 5 of 2022 PA 6 (MCL 565.1005). TIE BAR WITH: HB 5973'26

This bill extends the Michigan First-Time Home Buyer Savings Program through December 31, 2026, by amending the existing law that established the program. It allows individuals to open special savings accounts designated for paying qualified costs related to purchasing a single-family home in Michigan. The program permits contributions from people other than the account holder and allows joint ownership if the account holders file a joint tax return. The bill includes a provision stating that it will not take effect unless a related bill, HB 5973, is also passed into law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends a tax-advantaged savings program for first-time home buyers, promoting fiscal support for housing and providing tax incentives.85% confidence ✓ HousingSupports HousingBill extends funding for the First-Time Home Buyer Savings Program, directly supporting housing acquisition and affordability.90% confidence

Sub-Topics Income Tax Procurement Homeownership

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in committee · Michigan · House May 21, 2026

HB 5998: Property tax: exemptions; exemption for certain remodeling and renovations; provide for. Amends sec. 27 of 1893 PA 206 (MCL 211.27).

This bill updates Michigan's property tax laws to ensure homeowners are not penalized with higher taxes for spending money on normal home repairs and maintenance. It specifically lists common improvements, such as painting, roof repairs, and replacing heating systems, that should be excluded from property value calculations until the home is sold. Additionally, the bill requires assessors to ignore certain costs included in a home's purchase price, such as financing fees and survey expenses, when calculating property taxes. These changes aim to provide clarity and fairness for residential property owners and agricultural landowners by standardizing how specific expenditures are treated during assessments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemptions for home repairs, reducing tax burdens and protecting homeowners from higher taxes due to maintenance costs.90% confidence ✓ HousingSupports HousingBill protects homeowners from tax penalties on necessary repairs, preserving home equity and stability.75% confidence

Sub-Topics Property Tax Property Taxes

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passed · Michigan · Senate Jun 30, 2026

SB 913: State management: funds; certain deposits of tobacco settlement revenue into the 21st century jobs trust fund; eliminate sunset for. Amends sec. 7 of 2000 PA 489 (MCL 12.257).

SB 913 amends Michigan law to remove the expiration date for a specific requirement to deposit tobacco settlement revenue into the 21st Century Jobs Trust Fund. This change ensures that $75 million of annual tobacco settlement funds must continue to be transferred to the trust through fiscal year 2026, rather than reverting to the state's general fund. The bill directly affects the state treasurer and the department of treasury by clarifying the long-term handling of these funds, which are used for investments and economic development projects. By eliminating the sunset provision, the legislation maintains the flow of money into the trust without altering the existing rules for how the funds are invested or disbursed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures continued funding of the 21st Century Jobs Trust Fund by removing an expiration date, protecting state resources and fiscal management.90% confidence

Sub-Topics State Budget

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in committee · Michigan · House May 20, 2026

HB 5822: Individual income tax: other; qualified higher education expenses under the Michigan education savings program; include qualified postsecondary credentialing expenses. Amends sec. 2 of 2000 PA 161 (MCL 390.1472).

This bill expands the Michigan Education Savings Program to allow withdrawals from education savings accounts for qualified postsecondary credentialing expenses, such as those for professional certifications or licenses. The change directly affects account owners and designated beneficiaries who wish to use their savings for these specific costs in addition to traditional tuition and fees. By updating the state's definition of qualified higher education expenses to align with federal rules, the legislation enables families to access their savings for a broader range of career training without incurring penalties. The bill amends existing state law to incorporate these new expense categories into the program's guidelines.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax-advantaged savings for education, providing tax relief and promoting fiscal responsibility by allowing funds for postsecondary credentials.85% confidence ✓ EducationSupports EducationBill expands qualified expenses for education savings accounts to include postsecondary credentials, enhancing access to professional development and higher education funding.85% confidence

Sub-Topics Income Tax Higher Education

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passed both · Michigan · House Jun 2, 2026

HB 5875: Economic development: downtown development authorities; exemption from real estate transfer taxes; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 228a of 2018 PA 57 (MCL 125.4228a). TIE BAR WITH: HB 5880'26, HB 5874'26

This bill amends state law to update tax exemption rules for downtown development authorities in Michigan. It clarifies that these entities remain exempt from real estate transfer taxes even after the state real estate transfer tax act was repealed. The changes will only take effect if two other related bills are also enacted into law. Ultimately, the measure ensures these local economic development organizations do not face new transfer tax obligations on property instruments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill maintains tax exemptions for downtown development authorities, preventing new transfer tax obligations and supporting local economic development.90% confidence

Sub-Topics Tax Incentives

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in committee · Michigan · House Apr 23, 2026

HB 5844: Appropriations: other; Upper Peninsula state veterans cemetery; provide for. Creates new act. TIE BAR WITH: HB 5843'26

This bill authorizes the Michigan veterans affairs agency to establish a state veterans cemetery in the Upper Peninsula. It requires the agency to conduct a feasibility study to identify a suitable location and ensure the site qualifies for federal funding grants. The legislation allows the agency to purchase or designate state-owned land for the cemetery and creates a dedicated fund to manage money for the project's design, land preparation, and ongoing operation. Additionally, the bill cannot take effect unless it is passed together with a companion bill, HB 5843.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a dedicated fund and authorizes spending to establish a veterans cemetery, directly advancing state budget appropriations for public services.85% confidence ✓ VeteransSupports VeteransBill authorizes creation of a state veterans cemetery, funding design, land, and operations to honor and serve veterans.95% confidence

Sub-Topics State Budget Memorials & Recognition

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in committee · Michigan · Senate Apr 14, 2026

SB 879: Appropriations: supplemental; appropriations for multiple departments and branches for fiscal year 2026-2027; provide for. Creates appropriation act.

SB 879 is a Michigan state bill that establishes a supplemental budget plan for the 2026-2027 fiscal year. It allocates funds to various state departments, agencies, the judicial branch, and the legislative branch. The bill includes specific conditions on how the appropriated money can be spent and outlines procedures for distributing these funds. This legislation directly impacts state government operations by providing financial resources for their ongoing activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides supplemental appropriations funding state departments and branches for FY 2026-2027, directly advancing budget allocation and government operations.95% confidence

Sub-Topics Appropriations State Budget

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in committee · Michigan · Senate Apr 28, 2026

SB 861: Appropriations: general government; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

This bill establishes the state budget for Michigan's fiscal year 2026-2027, allocating funds to various government departments including the legislature, executive branch, attorney general, and state treasury. It authorizes the expenditure of appropriated funds and outlines how fees and other income collected by state agencies should be handled. The legislation also declares the legal effect of the act, ensuring the budget operates as intended for the specified fiscal year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes state budget for FY 2026-2027, allocating funds to government departments and ensuring fiscal operations proceed as intended, directly supporting budget management.90% confidence

Sub-Topics Appropriations Government Spending State Budget

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in committee · Michigan · House May 12, 2026

HB 5663: State management: purchasing; information technology projects; establish maximum time period and cost limit for. Amends secs. 261e & 451a of 1984 PA 431 (MCL 18.1261e & 18.1451a).

This bill establishes new rules for Michigan state information technology projects, setting a maximum duration of 36 months and a cost limit of $10 million for any single project. It requires the Department of Technology, Management, and Budget to create a monitoring system that tracks project costs, identifies overruns, and ensures all spending is accurately recorded. State agencies must report technology spending outside designated funds and cannot use specific appropriations for purposes beyond their intended systems. The bill also clarifies how work project funds lapse at the end of fiscal years and gives the director authority to close unused accounts with oversight from appropriations committees.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by setting cost limits and monitoring systems for IT projects, preventing budget overruns and ensuring accurate spending records.75% confidence

Sub-Topics Procurement

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