Public Act 5 of 2009
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- 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.
- 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.
- Referred to the House Tax Policy Committee on March 4, 2009.
- 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.
Who Voted "Yes" and Who Voted "No" - 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.
- Referred to the Senate Commerce & Tourism Committee on March 11, 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.
Who Voted "Yes" and Who Voted "No" - 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.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Jennifer Granholm on April 6, 2009.
Comments
1) Re: 2009 House Bill 4515 (Increase electric car subsidies ) by JamesonZ on April 30, 2009Electric car like the peapod
car can hugely decrease CO2 emission and usage of gasoline. However,
there is a good point about it. Using electric car can only make a part of what
we think can resolve our environmental issues. What better way to consider is
the widely use of rails that can carry a hundred or thousands of persons
perhaps in one time but in a lesser time and lesser energy use or using
non-gasoline mode of transportation like bicycle especially in cities like New
York and Los Angeles. There are still a lot of alternative means to resolve our
unhealthy transportation ethics and we just need to find it out sooner.
When the government gets involved in manipulating the market they always do damage. Unless Rep. Dian Slavens has some sort of psychic power to determine future events better than the market place, this bill should be dropped like a hot potato.
Introduced in the House on March 4, 2009
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