Introduced by Rep. Andy Coulouris (D) on September 19, 2007, to allow personal property tax breaks granted to the Delphi Chassis division in Saginaw and Buena Vista Township to be transferred to the buyer of the plant, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the buyer. The bill relates to Delphi Corporation’s sale of this facility as part of its bankruptcy plan.
Referred to the House Tax Policy Committee on September 19, 2007.
Amendment offered by Rep. Andy Coulouris (D) on September 25, 2007, to tie-bar the bill to Senate Bill 276, meaning this bill cannot become law unless that one does also. SB 276 is essentially the same bill; the provisions of it were just separated into two bills. The amendment passed by voice vote in the House on September 25, 2007.
Referred to the Senate Finance Committee on September 26, 2007.
Passed 37 to 0 in the Senate on October 16, 2007, to allow personal property tax breaks granted to the Delphi Chassis division in Saginaw and Buena Vista Township to be transferred to the buyer of the plant, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the buyer. The bill relates to Delphi Corporation’s sale of this facility as part of its bankruptcy plan. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on October 30, 2007.
1) 2007 House Bill 5251 (Expand certain targeted personal property tax breaks ) by admin on January 1, 2001 Introduced in the House on September 19, 2007, to allow personal property tax breaks granted to the Delphi Chassis division in Saginaw and Buena Vista Township to be transferred to the buyer of the plant, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the buyer. The bill relates to Delphi Corporation’s sale of this facility as part of its bankruptcy plan
The vote was 107 in favor, 0 opposed and 3 not voting