Labor: employment incentives; employment incentives nuclear and hydrogen graduate attraction and retention program act; create. Creates new act. TIE BAR WITH: HB 4127'25, HB 4125'25, HB 4126'25, HB 4128'25, HB 4124'25
Impact
The program is expected to contribute positively to the workforce in Michigan’s renewable energy sectors by attracting and retaining qualified individuals. The bill assigns the Department of Labor and Economic Opportunity the responsibility of administering the program, which may streamline hiring processes in these crucial industries. It creates a dedicated fund for the program to support its operations and ensures funding continuity by not allowing any unspent funds to revert to the state’s general fund.
Summary
House Bill 4129 establishes the Nuclear and Hydrogen Graduate Attraction and Retention Program aimed at incentivizing graduates in relevant fields to work in Michigan’s nuclear and hydrogen energy sectors. This program provides annual grants to qualifying graduates employed at qualified electric generation facilities in the state for a period of three years. To maintain eligibility for funding, participants must continue their employment at a facility producing electricity through nuclear or hydrogen technologies while complying with specified documentation requirements.
Contention
Notably, elements of the bill could invite scrutiny in terms of fiscal responsibility and the efficiency of fund allocation. Some stakeholders might argue whether the funds designated for this program could be used more effectively elsewhere. Additionally, the requirement for repayment of grants if employment is terminated may be viewed as a contentious point, potentially alienating graduates who may face employment instability in the burgeoning energy sectors covered by this act.
Same As
Corporate income tax: credits; credit for advanced small modular reactor generated power; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 678. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4125'25, HB 4126'25, HB 4124'25
Same As
Energy: nuclear; definition of advanced nuclear reactors; provide for. Amends sec. 10h of 1939 PA 3 (MCL 460.10h). TIE BAR WITH: HB 4129'25, HB 4125'25, HB 4126'25, HB 4128'25, HB 4124'25
Same As
Higher education: education programs; fund for nuclear and hydrogen education grant program; create. Creates new act. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4125'25, HB 4128'25, HB 4124'25
Same As
Higher education: education programs; nuclear and hydrogen education grant program; create. Creates new act. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4126'25, HB 4128'25, HB 4124'25
Same As
Corporate income tax: credits; credit for advanced small modular reactors research and development expenses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 677a & 717a. TIE BAR WITH: HB 4127'25, HB 4129'25, HB 4125'25, HB 4126'25, HB 4128'25
Energy: nuclear; grant for certain graduates working in a nuclear or hydrogen energy facility; provide for. Creates new act. TIE BAR WITH: HB 5606'24, HB 5608'24, HB 5609'24
Higher education: education programs; fund for nuclear and hydrogen education grant program; create. Creates new act. TIE BAR WITH: HB 5606'24, HB 5608'24
Energy: nuclear; definition of advanced nuclear reactors; provide for. Amends sec. 10h of 1939 PA 3 (MCL 460.10h). TIE BAR WITH: HB 5608'24, HB 5609'24
Economic development: other; critical industry program and Michigan strategic site readiness program; revise. Amends secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t). TIE BAR WITH: HB 5136'23, HB 5138'23, HB 5413'24, HB 5680'24, HB 5681'24
Energy: nuclear; grant for certain graduates working in a nuclear or hydrogen energy facility; provide for. Creates new act. TIE BAR WITH: HB 5606'24, HB 5608'24, HB 5609'24