Michigan Innovation Fund Income Tax Earmark (21st Century Jobs Trust Fund)
Current understanding
SB 1072 (103rd Legislature) would amend section 695 of the Income Tax Act (1967 PA 281, MCL 206.695) and add a new section 51i to earmark a portion of Michigan individual income tax revenue to the 21st Century Jobs Trust Fund, dedicated to supporting the Michigan Innovation Fund program. The bill is tie-barred to SB 1073, indicating both must be enacted together. As introduced, the specific percentage or dollar amount of the earmark, program eligibility, and administrative structure remain to be recorded from bill text.
Evidence log
- 2026-06-24 — State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072’26: cross-connection with twenty-first-century-jobs-trust-fund: The Michigan Innovation Fund income tax earmark directs revenue into the 21st Century Jobs Trust Fund; SB 1073 modifies management of that same fund. (novelty: 2)
Open questions
Related
Contributing findings
Individual income tax: revenue distributions; earmark to 21st century jobs trust fund for the Michigan innovation fund program; provide for. Amends sec. 695 of 1967 PA 281 (MCL 206.695) & adds sec. 51i. TIE BAR WITH: SB 1073'26
24-jun-2026
novelty 3
per-area 3
introduces