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2008 Senate Bill 1118: Clarify Michigan Business Tax provisions
Public Act 115 of 2008
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- Introduced by Sen. John Pappageorge (R) on February 14, 2008, to clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000).
- Referred to the Senate Finance Committee on February 14, 2008.
- Passed 38 to 0 in the Senate on February 20, 2008.
Who Voted "Yes" and Who Voted "No" - Received in the House on February 20, 2008.
- Referred to the House Tax Policy Committee on February 20, 2008.
- Substitute offered in the House on April 10, 2008, to replace the previous version of the bill with one that tie-bars it to House Bill 5463, meaning that it cannot pass unless that bill also passes. HB 5463 would prohibit the tax break if a stadium has been the beneficiary of other specific government spending or targeted tax breaks. The substitute passed by voice vote in the House on April 10, 2008.
- Passed 92 to 13 in the House on April 10, 2008, to clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000).
Who Voted "Yes" and Who Voted "No" - Received in the Senate on April 15, 2008.
- Passed 37 to 0 in the Senate on April 16, 2008, to concur with the House-passed version of the bill.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Jennifer Granholm on April 29, 2008.
Most Recent Comments
1) Tax break for the wealthy by JPHodge on April 12, 2008Why do we give owners of professionsl sports teams and stadiums a tax break? Those enterprises do nothing for the economy of the state of Michigan except redistribute wealth from many citizens who struggle into the hands of a wealthy few. If we need to give a business tax break, we should extend such incentives only to those who make a product or provide a service which is exported or manage turist sites which attract people from out of state thereby bringing revenue and jobs into the state. It's not rocket science. OK the world series does that once in a while. Give me a break.
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Introduced in the Senate on February 14, 2008, to clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000)
The vote was 38 in favor, 0 opposed and 0 not voting
(Senate Roll Call 66 at Senate Journal 17)
Click here to view bill details.
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