Michigan business tax: credits; early termination of credit for a business located in a renaissance zone; allow. Amends sec. 433 of 2007 PA 36 (MCL 208.1433).

HB 5937 allows businesses operating in Michigan's Renaissance Zones to end their state tax credits early if they and the Michigan Strategic Fund agree to do so before the zone designation expires. This change enables these businesses to negotiate specific dates for stopping their tax benefits without waiting for the official expiration of the zone status. The bill applies to all businesses currently receiving these credits and does not alter the original rules for how the credits are calculated or claimed.