Comments on this legislation    Post new comment    Text and Analysis    Add to Watch List 
  Previous   Next 

• Introduced by Rep. Jon Switalski (D) on February 5, 2009, to authorize a Michigan Business Tax credit based on an insurance company’s use of a federal “new markets tax credit,” which is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.
  • Referred to the House Tax Policy Committee on February 5, 2009.
    • Reported in the House on April 1, 2009, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on April 26, 2009, 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 by voice vote in the House on April 26, 2009.
• Passed 106 to 2 in the House on April 26, 2009.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on April 30, 2009.
  • Referred to the Senate Finance Committee on April 30, 2009.