Public Act 6 of 2009

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• Introduced by Sen. John Pappageorge (R) on March 3, 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. That law authorized additional credits for research and development expenses, with total subsidies estimated at $335 million over seven years. This bill would authorize an additional $200 million in subsidies. “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 Senate Commerce & Tourism Committee on March 3, 2009.
    • Reported in the Senate on March 5, 2009, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on March 5, 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 5, 2009.
• Passed 37 to 0 in the Senate on March 10, 2009.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on March 10, 2009.
  • Referred to the House Tax Policy Committee on March 10, 2009.
    • Reported in the House on March 25, 2009, with the recommendation that the substitute (H-3) be adopted and that the bill then pass.
  • Substitute offered in the House on March 25, 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. See also House Bill 4515. The substitute passed by voice vote in the House on March 25, 2009.
• Passed 104 to 4 in the House on March 25, 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. That law authorized additional credits for research and development expenses, with total subsidies estimated at $335 million over seven years. This bill would authorize an additional $200 million in subsidies. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on March 26, 2009.
• Passed 37 to 0 in the Senate on March 26, 2009.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on April 6, 2009.