Michigan · 2025-2026

SB 783

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

Bill record: Open States bulk CSV (bills/votes) CC0-1.0

Summary AI-generated

Michigan SB 783 proposes to amend the 1984 Public Act 270 by adding section 7c to prohibit eligibility for stock buybacks during the award period for entities that receive an economic incentive.

Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)

Issue tags AI-classified

Economy & Taxes 95% Government Operations & Budget 75%

Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)

Sponsors + 1 cosponsors

Mallory McMorrow Democratic lead
Sue Shink Democratic