Public Act 160 of 2009

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• Introduced by Sen. Jason Allen (R) on April 30, 2009, to expand and revise details of the refundable tax credits (cash subsidies) for “anchor” companies. In addition to other revisions, the bill would allow "anchor" companies to claim tax breaks on the basis of supplier or customer companies payrolls. This refers to a 2008 law“ granted “refundable” tax credits (cash subsidies) to certain high technology businesses designated as “anchor companies.” The credit is based on the payroll attributed to other companies that locate in Michigan because of the "anchor company's" high tech processes or products.
  • Referred to the Senate Commerce & Tourism Committee on April 30, 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.
  • Amendment offered by Sen. Mark Jansen (R) on June 18, 2009, to require the Michigan Economic Growth Authority to provide annual reports to the legislature containing certain details of the basis on which these subsidies are calculated. The amendment passed by voice vote in the Senate on June 18, 2009.
• Passed 36 to 0 in the Senate on June 18, 2009.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on June 23, 2009.
  • Referred to the House Natural Resources, Tourism, and Outdoor Recreation Committee on June 23, 2009.
    • Reported in the House on July 28, 2009, without amendment and with the recommendation that the bill pass.
• Passed 88 to 12 in the House on November 10, 2009, to expand and revise details of the refundable tax credits (cash subsidies) for “anchor” companies. In addition to other revisions, the bill would allow "anchor" companies to claim tax breaks on the basis of supplier or customer companies payrolls. This refers to a 2008 law that granted “refundable” tax credits (cash subsidies) to certain high technology businesses designated as “anchor companies.” The credit is based on the payroll attributed to other companies that locate in Michigan because of the "anchor company's" high tech processes or products.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on December 11, 2009.