Introduced in the Senate on September 24, 2008, to require the Department of Treasury to prepare and post on the Internet a list of every tax credit available under the Michigan Business Tax, and to submit to the legislature a report showing the number of taxpayers who claimed each type of credit, including their names and addresses. Also, to require the department to report its assessment of the “effectiveness” of each credit. “Effectiveness” is not defined in the bill.
Referred to the Senate Finance Committee on September 24, 2008.
Reported in the Senate on October 15, 2008, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on November 12, 2008. The substitute passed in the Senate by voice vote on November 12, 2008.
1) 2008 Senate Bill 1540 (Require tax break “effectiveness” report ) [by admin on January 1, 2001] Introduced in the Senate on September 24, 2008, to require the Department of Treasury to prepare and post on the Internet a list of every tax credit available under the Michigan Business Tax, and to submit to the legislature a report showing the number of taxpayers who claimed each type of credit, including their names and addresses. Also, to require the department to report its assessment of the “effectiveness” of each credit. “Effectiveness” is not defined in the bill
The vote was 32 in favor, 4 opposed and 2 not voting