2005 House Bill 4971 / 2006 Public Act 323

Show analysis

Introduced in the House

June 16, 2005

Introduced by Rep. Fulton Sheen (R-88)

To establish a Single Business Tax research and development compensation credit. This is part of a package comprised of House Bills 4969 to 4974, which contain the tax cut portions of Gov. Jennifer Granholm’s SBT revision proposal, but not the tax increases that make the governor’s proposal revenue-neutral.

Referred to the Committee on Tax Policy

June 21, 2006

Substitute offered by Rep. David Law (R-39)

To replace the previous version with one that does not contain the bill's original provisions, but instead uses it as a legislative "vehicle" to give a Single Business Tax break to a new Hybrid Development Center located in Troy.

The substitute passed by voice vote

Amendment offered by Rep. David Law (R-39)

To clarify the scope of the bill.

The amendment passed by voice vote

Passed in the House 104 to 0 (details)

To give a Single Business Tax break to a new Hybrid Development Center located in Troy. The center is a joint venture between General Motors, DaimlerChrysler, and BMW to develop a two-mode vehicle hybrid drive system.

Received in the Senate

June 22, 2006

Referred to the Committee on Finance

June 28, 2006

Passed in the Senate 37 to 0 (details)

Signed by Gov. Jennifer Granholm

July 20, 2006