Economic development: other; income tax act of 1967; amend to reflect elimination of the Michigan strategic fund. Amends secs. 51f, 266a, 270, 278, 676, 680, 696, 701, 711, 713 & 718 of 1967 PA 281 (MCL 206.51f et seq.). TIE BAR WITH: SB 0631'25

SB 647 amends Michigan's Income Tax Act to remove outdated references to the Michigan Strategic Fund, which was eliminated by prior legislation. The bill updates specific sections of the tax code (including Sections 51f, 266a, 270, and others) that previously referenced the Strategic Fund or its related provisions. This is a procedural update to align the tax code with current law, with no new tax rates, credits, or programs created. The changes solely correct administrative references and do not affect existing tax credits or funding mechanisms like the "Good Jobs for Michigan Fund."