Introduced
by
To lower from $100,000 to $25,000 the size of an initial investment in an "advanced automotive, manufacturing, and materials technology" business subsidized through an income tax credit under a provision of a “<a href="http://www.michiganvotes.org/2005-SB-521">community-based seed capital fund</a>” related to the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To extend the lower taxes that the bill would allow for the owners of certain companies selected by state officials to instead apply to all Michigan businesses.
The amendment failed by voice vote
Passed in the House 104 to 3 (details)
Referred to the Committee on Economic Development and Regulatory Reform
