HB 5414
Economic development: economic development corporations; regulations concerning the disclosure of the information required for the report described in section 10 of the Michigan economic growth authority act, 1995 PA 24, MCL 207.810; provide for. Amends sec. 28 of 1941 PA 122 (MCL 205.28).
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends the Revenue Collection Duties Act to clarify regulations regarding the disclosure of information required for reports produced by the Michigan Economic Growth Authority. Specifically, it updates rules about how taxpayer information is shared, including requirements for reporting on the Michigan Business Tax Act and restrictions on disclosing certain financial details. The bill also addresses penalties for violations related to the handling of sensitive tax information and clarifies reporting requirements for the Department of Treasury.
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Primary sponsor
Cosponsors
Gregory Alexander
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