Introduced
by
To authorize a MEGA Single Business Tax credit for a foundry in Cadillac operated by the Hayes Lemmerz company. Note: The company’s name is not specified in the bill, but the specific qualifications for the tax break define this plant. Also, to give the Michigan Economic Development Corporation greater authority to continue to qualify a business for tax breaks even if it does not meet the job retention targets specified in its tax credit agreement.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous contents of the bill and use it as a "vehicle" to expand the number of Michigan Economic Growth Authority Act (MEGA) tax credits that can be offered each year to particular businesses selected by the state. The bill would ease a number of the job-promise requirements that make a firm eligible for these tax subsidies. The bill would also allow a MEGA credit to be granted to the Bioport company, which operates a Lansing vaccine laboratory, and to several other specific firms that uniquely meet various criteria the bill would establish.
The substitute passed by voice vote
Amendment offered
by
To lower certain employment promise thresholds that make a company eligible for a MEGA tax subsidy.
The amendment passed by voice vote
Amendment offered
by
To tie-bar the bill to Senate Bill 734, meaning this bill cannot become law unless that one does also. SB 734 would impose a new tax on Wal-Mart and possibly other large employers equal to 8-percent minus the percentage of annual wages the company pays in employee health benefits.
The amendment failed by voice vote
Amendment offered
by
To allow a MEGA tax subsidy for a particular facility in the Grand Rapids area.
The amendment passed by voice vote
Amendment offered
by
To break a tie-bar in the bill to Senate Bill 434. With the tie-bar this bill cannot become law unless that one does also. SB 434 would potentially allow state transportation dollars to be used to enhance access to a proposed Wal-Mart warehouse near Mount Pleasant. It would allow other economic development infrastructure projects also.
The amendment failed 15 to 22 (details)
Passed in the Senate 34 to 3 (details)
To expand the number of Michigan Economic Growth Authority Act (MEGA) tax credits that can be offered each year to particular businesses selected by the state. The bill would ease a number of the job-promise requirements that make a firm eligible for these tax subsidies.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not contain a tie-bar to Senate Bill 434. With the tie-bar this bill cannot become law unless that one does also. SB 434 would potentially allow state transportation dollars to be used to enhance access to a proposed Wal-Mart warehouse near Mount Pleasant. The substitute also adds language allowing a MEGA credit extended to a company for retaining a certain number of jobs to continue if the company sells part of its operations to another firm, and the new owner retains those jobs.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
To expand the number of Michigan Economic Growth Authority Act (MEGA) tax credits that can be offered each year to particular businesses selected by the state. The bill would ease a number of the job-promise requirements that make a firm eligible for these tax subsidies.
To concur with the House-passed version of the bill.
Passed in the Senate 37 to 0 (details)
