Public Act 115 of 2007

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• Introduced by Sen. Roger Kahn (R) on February 27, 2007, to allow certain personal property tax breaks granted to a particular business to be transferred to another business eligible for the same tax breaks when it acquires the property of the first firm, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the second business. Local government approval would be required.
  • Referred to the Senate Finance Committee on February 27, 2007.
    • Reported in the Senate on May 8, 2007, with the recommendation that the bill pass.
  • Amendment offered in the Senate on May 9, 2007, to require the approval of the local government for the tax break to be transferred to a new owner. The amendment passed in the Senate by voice vote on May 9, 2007.
• Passed in the Senate (36 to 0) on May 10, 2007. [Vote Details and Comments]
• Received in the House on May 10, 2007.
  • Referred to the House Tax Policy Committee on May 10, 2007.
    • Reported in the House on September 5, 2007, without amendment and with the recommendation that the bill pass.
  • Substitute offered by Rep. Andy Coulouris (D) on September 25, 2007, to replace the previous version of the bill with one that divides its provisions between this bill and House Bill 5251. The substitute passed in the House by voice vote on September 25, 2007.
• Passed in the House (109 to 0) on September 25, 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. [Vote Details and Comments]
• Received in the Senate on September 26, 2007.
• Passed in the Senate (36 to 0) on October 10, 2007, to concur with the House-passed version of the bill. [Vote Details and Comments]
• Motion in the Senate on October 10, 2007, to give the bill immediate effect. The motion failed in the Senate (22 to 10) on October 10, 2007. [Vote Details and Comments]
• Signed by Gov. Jennifer Granholm on October 30, 2007.