Public Act 587 of 2002

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• Introduced by Sen. Don Koivisto (D) on May 9, 2002, to establish an alternative energy renaissance zone dedicated to the support, research, development, enhancement, and manufacturing of alternative energy technology, with a duration of renaissance zone status for no more than 20 years.
  • Referred to the Senate Finance Committee on May 9, 2002.
  • Substitute offered in the Senate on June 5, 2002, to replace the previous version of the bill with one which does not extend alternative energy tax deductions, exemptions, or credits to a property located in the alternative energy renaissance zone which is not used to directly promote and increase the research, development, and manufacturing of alternative energy technology. The substitute passed by voice vote in the Senate on June 5, 2002.
  • Amendment offered by Sen. Alma Smith (D) on June 6, 2002, to locate the alternative energy renaissance zone in Wayne County. The amendment failed by voice vote in the Senate on June 6, 2002.
• Passed 37 to 0 in the Senate on June 13, 2002, to establish an alternative energy renaissance zone dedicated to the support, research, development, enhancement, and manufacturing of alternative energy technology, with a duration of renaissance zone status for no more than 20 years. Alternative energy tax deductions, exemptions, or credits would not be extended to a property located in the alternative energy renaissance zone which is not used to directly promote and increase the research, development, and manufacturing of alternative energy technology.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on June 13, 2002, to establish an alternative energy renaissance zone dedicated to the support, research, development, enhancement, and manufacturing of alternative energy technology, with a duration of renaissance zone status for no more than 20 years. Alternative energy tax deductions, exemptions, or credits would not be extended to a property located in the alternative energy renaissance zone which is not used to directly promote and increase the research, development, and manufacturing of alternative energy technology.
  • Substitute offered in the House on September 24, 2002, to adopt a new version of the bill which would add a provision authorizing the creation of a pharmaceutical renaissance zone to give tax breaks to drug companies within the zone. This is in response to concerns that with the proposed purchase by Pfizer of the Pharmacia Corporation, some 8,500 Pharmacia jobs in Michigan might be eliminated or moved to other areas. This provision of the bill is targeted at this company. The substitute passed by voice vote in the House on September 24, 2002.
• Passed 82 to 19 in the House on September 24, 2002, to adopt a new version of the bill which would add a provision authorizing the creation of a pharmaceutical renaissance zone to give tax breaks to drug companies within the zone. This is in response to concerns that with the proposed purchase by Pfizer of the Pharmacia Corporation, some 8,500 Pharmacia jobs in Michigan might be eliminated or moved to other areas. This provision of the bill is targeted at this company.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on September 26, 2002.
• Passed 35 to 0 in the Senate on September 26, 2002, to adopt a new version of the bill which would add a provision authorizing the creation of a pharmaceutical renaissance zone to give tax breaks to drug companies within the zone. This is in response to concerns that with the proposed purchase by Pfizer of the Pharmacia Corporation, some 8,500 Pharmacia jobs in Michigan might be eliminated or moved to other areas. This provision of the bill is targeted at this company.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. John Engler on October 16, 2002.