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 721 amends Michigan's Commercial Redevelopment Act to update property tax exemption rules for commercial facilities. It limits total exemption periods to 12 years (including extensions), requires local governments to document criteria for renewing exemptions, and extends the deadline for new exemptions from 2025 to 2035. The bill also allows the state treasurer to temporarily exclude up to half the education tax mills for qualifying facilities for up to 6 years to promote job growth, with a yearly cap of 45 such exclusions. Local governments must annually report on exemption impacts, including property values and job creation. This directly affects commercial businesses seeking tax benefits, local governments issuing exemptions, and state tax administration.
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.
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 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.
Senate Bill 278 amends the State Housing Development Authority Act of 1966 to modify the Michigan Housing and Community Development Fund. It expands the fund's focus to include middle-income households and projects located in downtown areas or adjacent neighborhoods, in addition to existing support for low-income households. The bill revises how the fund's money is allocated, adding considerations for accessible housing and the availability of other funding sources for specific groups, while removing some previous earmarks for rental and homeownership projects. It also enhances public engagement requirements for the fund's biennial allocation plan, mandating virtual participation options and targeted outreach.
SB 967 amends Michigan's income tax law to establish a new state low-income housing tax credit effective for tax years beginning on or after January 1, 2027. This credit is designed for project owners and equity investors who have been allocated funds to support affordable housing developments, allowing them to reduce their state tax liability by the amount of the credit. The bill includes specific rules for claiming the credit, such as requiring the attachment of an allocation form to tax returns, and mandates that the credit be claimed after other tax credits. Additionally, the legislation requires the state department to recapture a portion of the credit from taxpayers if the related federal tax credit is later disallowed or recaptured. If the credit amount exceeds a taxpayer's tax liability for the year, the unused portion can be carried forward for up to 10 years to offset future taxes.
