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2009 House Bill 4515: Increase electric car subsidies

Public Act 5 of 2009

Introduced by Rep. Dian Slavens (D) on March 4, 2009 To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a 2008 law, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 4, 2009
Reported in the House on March 5, 2009 Without amendment and with the recommendation that the bill pass.
Passed 105 to 4 in the House on March 10, 2009 To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a 2008 law, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability. See also Senate Bill 319.
Received in the Senate on March 11, 2009
Referred to the Senate Commerce & Tourism Committee on March 11, 2009
Reported in the Senate on March 26, 2009 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on March 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 Senate on March 26, 2009
Passed 37 to 0 in the Senate on March 26, 2009 To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a 2008 law, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability. See also Senate Bill 319.
Received in the House on March 26, 2009
Passed 105 to 4 in the House on March 26, 2009 To concur with the Senate-passed version of the bill.
Signed by Gov. Jennifer Granholm on April 6, 2009

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