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SB 641

Economic development: other; revenue division of department of treasury; amend to reflect elimination of the Michigan strategic fund. Amends sec. 28 of 1941 PA 122 (MCL 205.28). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert

Updates tax and program data rules to align disclosures after Michigan Strategic Fund elimination, preserving needed information sharing for economic development programs.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 641

SB 641 — Summary (Michigan)

Status: Referred to Committee on Government Operations
Introduced: February 20, 2025
Subject: Economic development; revenue division of Department of Treasury; statutory cleanup to reflect elimination of the Michigan Strategic Fund
Primary statute affected: 1941 PA 122, sec. 28 (MCL 205.28)
Tie bar: SB 0631 (2025)

Purpose / Intent

SB 641 updates the Department of Treasury’s revenue-administration statute (MCL 205.28) to reflect the statutory elimination of the Michigan Strategic Fund and to preserve appropriate information‑sharing and reporting authorities needed for administering state economic development programs under successor authorities. It is principally a technical/clean‑up bill to correct cross‑references and disclosure provisions after organizational or statutory changes to the state’s economic development law.

Key provisions

  • Amends section 28 of 1941 PA 122 (MCL 205.28) — the general confidentiality, disclosure, and enforcement provisions that apply to taxes administered under the act.
  • Revises language that previously authorized disclosure of tax or program information “for the report described in section 9 of the Michigan strategic fund act (1984 PA 270, MCL 125.2009)” so that disclosures and reporting are aligned with the post‑elimination statutory framework (references updated to the replacement/successor economic development authority/law).
  • Maintains existing limits and conditions on tax‑return confidentiality (including the circumstances under which Treasury may disclose returns or return information to other state/federal agencies, courts, or pursuant to reciprocal agreements) while ensuring authorized disclosures needed for economic‑development program oversight and reporting remain available.
  • Preserves Treasury’s authority to enter reciprocal data‑sharing agreements and to disclose certain information where necessary for administration or enforcement of state law.

Who is affected

  • Department of Treasury (Revenue Division) — statutory duties and permitted disclosures clarified.
  • Other state agencies and local units that receive taxpayer or program data under reciprocal agreements or for economic development program oversight.
  • Program participants and private entities involved in economic development programs previously administered or reported through the Michigan Strategic Fund (their tax‑related data may be disclosed to support successor program reporting, within existing confidentiality safeguards).

Procedural / timeline notes

  • Introduced Feb 20, 2025; currently referred to the Committee on Government Operations.
  • Tie bar with SB 0631 (2025) indicates the bill is intended to be considered together with related statutory changes.
  • The change is primarily technical/administrative; no explicit appropriation language in the amendment.

Potential impact

  • Largely administrative: ensures continuity of legally authorized information sharing for economic development program reporting and enforcement after elimination/reorganization of the Michigan Strategic Fund.
  • Should have limited direct fiscal effect; it clarifies who may receive information and under what authority, reducing ambiguity for Treasury and partner agencies.
  • Preserves taxpayer confidentiality protections except where disclosure is expressly authorized for program administration, enforcement, or by reciprocal agreement.

If you want, I can: (1) extract the exact proposed replacement language for the MCL 205.28 amendment; (2) compare SB 641 to SB 0631 to show how the two bills work together; or (3) track committee activity and amendments.

Compiled from official sources — confirm details with the bill’s official record.

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