Public Act 162 of 2009

      Comments on this legislation    Post new comment    Text and Analysis    Add to Watch List 
  Previous   Next 

• Introduced by Sen. Jason Allen (R) on April 1, 2009, to revise the “local development financing act” which authorizes certain targeted tax breaks to be granted by local governments, so as to shift decision-making authority for certain required state approvals from the Michigan Economic Development Corporations to the Michigan Strategic Fund, which is another arm of the state’s selective tax-break granting bureaucracy.
  • Referred to the Senate Commerce & Tourism Committee on April 1, 2009.
    • Reported in the Senate on June 11, 2009, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
  • Substitute offered in the Senate on June 17, 2009, to replace the previous version of the bill with one that allows a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies. The substitute passed by voice vote in the Senate on June 17, 2009.
• Passed 35 to 0 in the Senate on June 18, 2009, to allow a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on June 23, 2009.
  • Referred to the House New Economy And Quality Of Life Committee on June 23, 2009.
    • Reported in the House on July 28, 2009, without amendment and with the recommendation that the bill pass.
• Passed 100 to 5 in the House on September 10, 2009, to allow a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on December 11, 2009.