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2005 Senate Bill 599: Require expedited brownfield tax breaks for certain projects
Public Act 113 of 2006
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- Introduced by Sen. Tom George (R) on June 16, 2005, to require expedited processing of brownfield tax credits for certain projects under $2 million in size where the total credits are less than $200,000.
- Referred to the Senate Economic Development, Small Business and Regulatory Reform Committee on June 16, 2005.
- Reported in the Senate on June 28, 2005, with the recommendation that the bill pass.
- Substitute offered by Sen. Tom George (R) on June 30, 2005, to replace the previous version of the bill with one that expands the number of communities that would qualify for the tax breaks. The substitute passed by voice vote in the Senate on June 30, 2005.
- Referred to the Senate Economic Development, Small Business and Regulatory Reform Committee on June 16, 2005.
- Passed 23 to 13 in the Senate on June 30, 2005.
Who Voted "Yes" and Who Voted "No" - Received in the House on June 30, 2005.
- Referred to the House Commerce Committee on June 30, 2005, which adopted a substitute that makes it easier for partnerships or non-profit organizations involved in a project to transfer the tax credit from one entity to another.
- Reported in the House on November 29, 2005, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
- Substitute offered in the House on March 21, 2006, to replace the previous version of the bill with one that incorporates technical changes resulting from committee testimony and deliberation. This version was subsequently superceded by another substitute with more technical changes. The substitute failed by voice vote in the House on March 21, 2006.
- Amendment offered by Rep. Kevin A. Elsenheimer (R) on March 21, 2006. The amendment failed by voice vote in the House on March 21, 2006.
- Substitute offered by Rep. Kevin A. Elsenheimer (R) on March 21, 2006, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed by voice vote in the House on March 21, 2006.
- Referred to the House Commerce Committee on June 30, 2005, which adopted a substitute that makes it easier for partnerships or non-profit organizations involved in a project to transfer the tax credit from one entity to another.
- Passed 104 to 0 in the House on March 21, 2006, to require expedited processing of brownfield tax credits for certain projects under $2 million in size where the total credits are less than $200,000.
Who Voted "Yes" and Who Voted "No" - Received in the Senate on March 22, 2006.
- Passed 34 to 2 in the Senate on March 28, 2006, to concur with the House-passed version of the bill.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Jennifer Granholm on April 7, 2006.
Most Recent Comments
1) Full Story by Anonymous Citizen on April 11, 2006This bill was part of the package to create a new small project brownfield credit. However, this bill makes all brownfield tax credits fully transferable.
Reply
Senator Jacobs, under her constitutional right of protest (Art. 4, Sec. 18), protested against the passage of Senate Bill No.599 and moved that the statement she made during the discussion of the bill be printed as her reasons for voting "no."
The motion prevailed.
Senator Jacobs' statement is as follows:
I rise to oppose Senate Bill No.599 and urge my colleagues to join me. While I am very sympathetic to the desire to ease the administrative burden on the brownfield redevelopment program, this bill simply takes the matter too far. If this bill passes, small brownfield credits will be filled on a first come-first serve basis with no oversight by our economic development professionals.
In the Legislature, we are currently debating a significant investment in our economy through either bonding or securitization. Both plans have some merits and both plans have significant oversight. So why are we about to pass a bill that will remove even the smallest shred of oversight on the small brownfield credits?
The passage of this bill will assure that on January 1, the consultants will be lined up at the door to claim this credit for numerous projects, regardless of merit. Each of those projects will be approved, and the entire amount of funding for the program will be gone in no time. This will leave several excellent projects that apply for a brownfield credit without adequate funding.
Mr.President, we need to preserve MEDC's ability to judge the merits of the projects to assure that our limited resources are utilized in the best manner.
Reply
Introduced in the Senate on June 16, 2005, to require expedited processing of brownfield tax credits for certain projects under $2 million in size where the total credits are less than $200,000
The vote was 23 in favor, 13 opposed and 2 not voting
(Senate Roll Call 352 at Senate Journal 64)
Click here to view bill details.
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