---
type: "Bill"
title: "Economic development: Michigan strategic fund; tax exemption for entities receiving aid from the Michigan strategic fund; clarify. Amends sec. 74 of 1984 PA 270 (MCL 125.2074)."
description: "Economic development: Michigan strategic fund; tax exemption for entities receiving aid from the Michigan strategic fund; clarify. Amends sec. 74 of 1984 PA 270 (MCL 125.2074)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2019-2020"
identifier: "SB 432"
citation: "Michigan SB 432 (2019-2020)"
classification: ["bill"]
subjects: ["Economic development: Michigan strategic fund", "Economic development: economic development corporations"]
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 28
vote_count: 2
first_action: "2019-08-20T04:00:00+00:00"
last_action: "2020-10-21T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/3cd748c0-91c3-4bf8-8a6d-bf25e3373036"
source_url: "http://legislature.mi.gov/doc.aspx?2019-SB-0432"
source_hash: "8fa348809eb33566d59b2d5489067294510ce3ed94e979ffe9b79fbef31f22d2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan SB 432 (2019-2020) — Economic development: Michigan strategic fund; tax exemption for entities receiving aid from the Michigan strategic fund; clarify. Amends sec. 74 of 1984 PA 270 (MCL 125.2074).

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/Senate/htm/2019-SEBH-0432.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/Senate/htm/2019-SEBS-0432.htm)
3. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/publicact/htm/2020-PA-0216.htm)
4. **Senate Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billintroduced/Senate/htm/2019-SIB-0432.htm)

## Votes

- PASSED ROLL CALL # 53 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 — **38–0** (pass) · upper
- passed; given immediate effect Roll Call # 398 Yeas 91 Nays 14 Excused 0 Not Voting 4 — **91–14** (pass) · lower

## Sponsors

- Kenneth Horn — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-08-20T04:00:00+00:00** INTRODUCED BY SENATOR KEN HORN `introduction`
- **2019-08-20T04:00:00+00:00** REFERRED TO COMMITTEE ON ECONOMIC AND SMALL BUSINESS DEVELOPMENT `referral-committee`
- **2019-10-15T04:00:00+00:00** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
- **2019-10-15T04:00:00+00:00** COMMITTEE RECOMMENDED IMMEDIATE EFFECT
- **2019-10-15T04:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
- **2019-10-31T04:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
- **2019-10-31T04:00:00+00:00** PLACED ON ORDER OF THIRD READING
- **2020-02-18T05:00:00+00:00** SUBSTITUTE (S-1) ADOPTED
- **2020-02-18T05:00:00+00:00** PASSED ROLL CALL # 53 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 `passage`
- **2020-02-18T05:00:00+00:00** received on 02/18/2020 `introduction`
- **2020-02-18T05:00:00+00:00** read a first time `reading-1`
- **2020-02-18T05:00:00+00:00** referred to Committee on Commerce and Tourism `referral-committee`
- **2020-06-11T04:00:00+00:00** referred to Committee on Ways and Means `referral-committee`
- **2020-09-02T04:00:00+00:00** reported with recommendation without amendment `committee-passage`
- **2020-09-02T04:00:00+00:00** referred to second reading
- **2020-09-10T04:00:00+00:00** read a second time `reading-2`
- **2020-09-10T04:00:00+00:00** placed on third reading
- **2020-09-23T04:00:00+00:00** read a third time `reading-3`
- **2020-09-23T04:00:00+00:00** passed; given immediate effect Roll Call # 398 Yeas 91 Nays 14 Excused 0 Not Voting 4 `passage`
- **2020-09-23T04:00:00+00:00** inserted full title
- **2020-09-23T04:00:00+00:00** returned to Senate
- **2020-09-24T04:00:00+00:00** GIVEN IMMEDIATE EFFECT
- **2020-09-24T04:00:00+00:00** FULL TITLE AGREED TO
- **2020-09-24T04:00:00+00:00** ORDERED ENROLLED
- **2020-10-06T04:00:00+00:00** PRESENTED TO GOVERNOR 10/05/2020 11:24 AM `executive-receipt`
- **2020-10-21T04:00:00+00:00** APPROVED BY GOVERNOR 10/15/2020 10:14 AM `executive-signature`
- **2020-10-21T04:00:00+00:00** FILED WITH SECRETARY OF STATE 10/15/2020 12:44 PM
- **2020-10-21T04:00:00+00:00** ASSIGNED PA 0216'20 WITH IMMEDIATE EFFECT

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3cd748c0-91c3-4bf8-8a6d-bf25e3373036`. Confidence: reported (aggregated from official Michigan legislature records).