Public Act 270 of 2008

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• Introduced by Rep. John Moolenaar (R) on March 13, 2008, to authorize a refundable Michigan Business Tax credit equal to 50 percent of the amount invested or expended on research, development, and manufacturing of photovoltaic energy by a firm for whom this is its primary activity. “Refundable” means that if the credit exceeds the firm’s tax liability the state would send it a check.
  • Referred to the House Tax Policy Committee on March 13, 2008.
  • Substitute offered by Rep. John Moolenaar (R) on April 17, 2008, 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 in the House by voice vote on April 17, 2008.
• Passed in the House (99 to 2) on April 17, 2008, to authorize a refundable Michigan Business Tax credit equal to 50 percent of the amount invested or expended on research, development, and manufacturing of photovoltaic energy by a firm for whom this is its primary activity. “Refundable” means that if the credit exceeds the firm’s tax liability the state would send it a check. This is one of a number of bills offering generous tax breaks for which the Hemlock Semiconductor company would be eligible . [Vote Details and Comments]
• Received in the Senate on April 22, 2008.
  • Referred to the Senate Finance Committee on April 22, 2008.
  • Substitute offered in the Senate on September 10, 2008, to set the amount of the proposed refundable tax credit at $25 million. The House-passed version had a $100 "cap" on the credit, which was essentially a place-holder pending negotiation of the real amount. The substitute passed in the Senate by voice vote on September 10, 2008.
• Passed in the Senate (31 to 7) on September 10, 2008, to authorize a refundable Michigan Business Tax credit of up to $25 million, equal to 50 percent of the amount invested or expended on research, development, and manufacturing of photovoltaic energy by a firm for whom this is its primary activity. “Refundable” means that if the credit exceeds the firm’s tax liability the state would send it a check. This is one of a number of bills offering generous tax breaks for which the Hemlock Semiconductor company would be eligible. [Vote Details and Comments]
• Received in the House on September 10, 2008, to concur with the Senate-passed version of the bill, which sets the refundable tax break for Hemlock Semiconductor at $25 million. Passed in the House (109 to 0) on September 10, 2008. [Vote Details and Comments]
• Signed by Gov. Jennifer Granholm on September 10, 2008.