Introduced by Rep. Jeff Mayes (D) on March 19, 2009, to revise various details of the formula used to calculate the subsidies/tax credits granted to Hemlock Semiconductor in a deal authorized by Public Act 270 of 2008 and other bills signed into law in 2008.
Referred to the House New Economy And Quality Of Life Committee on March 19, 2009.
Reported in the House on April 22, 2009, without amendment and with the recommendation that the bill pass.
Referred to the Senate Commerce & Tourism Committee on May 7, 2009.
Reported in the Senate on June 11, 2009, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on November 12, 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 November 12, 2009.
Amendment offered by Sen. Mark Jansen (R) on November 12, 2009, to require additional disclosures by the Michigan Economic Growth Authority regarding details in the formula by which these subsidies are calculated, which includes taxes payed and new jobs created by suppliers and customers of the "anchor" company. The amendment passed by voice vote in the Senate on November 12, 2009.
Passed 37 to 0 in the Senate on November 12, 2009, to revise various details of the formula used to calculate the subsidies/tax credits granted to Hemlock Semiconductor in a deal authorized by Public Act 270 of 2008 and other bills signed into law in 2008. Who Voted "Yes" and Who Voted "No"
Received in the House on November 12, 2009, to revise various details of the formula used to calculate the subsidies/tax credits granted to Hemlock Semiconductor in a deal authorized by Public Act 270 of 2008 and other bills signed into law in 2008. Passed 94 to 5 in the House on November 12, 2009. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on December 11, 2009.