Bill Text: MI HB5675 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Economic development: Michigan strategic fund; investigation regarding the feasibility of developing and operating a virtual small business facilitator; require. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15.
Spectrum: Partisan Bill (Republican 25-0)
Status: (Introduced) 2024-04-30 - Bill Electronically Reproduced 04/30/2024 [HB5675 Detail]
Download: Michigan-2023-HB5675-Introduced.html
HOUSE BILL NO. 5675
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 15.
the people of the state of michigan enact:
Sec. 15. (1) The fund, in conjunction with the department of licensing and regulatory affairs and the department of treasury, shall investigate the feasibility of developing and operating a virtual small business facilitator created by a third party vendor that does all the following:
(a) Through a question-and-answer format, identifies possible legal entities for the conduct of the user's business and assists the user in applying for 1 or more legal entity designations with this state.
(b) Assists the user with state compliance issues, including sales tax, use tax, unemployment compensation, and workers' compensation issues, and assists the user in identifying and applying for the appropriate licenses, certificates, and other state government authorizations.
(c) Links to other business startup resources in state, local, and federal government to assist the user.
(2) The fund shall contract with 1 or more third party vendors to investigate the feasibility of developing and operating the virtual small business facilitator described in subsection (1). The fund shall select 1 or more third party vendors that are able to use the most appropriate technology to make the virtual small business facilitator user-friendly.
(3) The fund shall report its findings to the governor and each house of the legislature not later than October 1, 2025.
(4) As used in this section, "user" means a user of the virtual small business facilitator described in subsection (1).
