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- Introduced by Sen. Nancy Cassis (R) on January 27, 2009, to require the Department of Treasury to prepare and post on the Internet a list of every tax credit available under the Michigan Business Tax, and to submit to the legislature a report showing the number of taxpayers who claimed certain types of credit, including their names and addresses. Also, to require the department to report its assessment of the “effectiveness” of certain types of tax credit. “Effectiveness” is not defined in the bill.
- Referred to the Senate Finance Committee on January 27, 2009.
- Reported to the Senate on January 28, 2009, with the recommendation that the bill pass.
- Substitute offered in the Senate on February 11, 2009, to replace the previous version of the bill with one that defines a targeted tax break's "effectiveness" by its record "in attracting more business to this State and creating more jobs;" and which also requires the report to show the amount of money spent by each targeted tax break recipient to comply with the terms of it's tax break deal, and the amount of people employed in Michigan by all the recipients of these various tax breaks. The substitute passed by voice vote in the Senate on February 11, 2009.
- Referred to the Senate Finance Committee on January 27, 2009.
- Passed 22 to 14 in the Senate on February 12, 2009, to require the Department of Treasury to post on the Internet a list of every tax credit available under the Michigan Business Tax, and to submit to the legislature a report showing the number of taxpayers that applied for certain Michigan Business Tax credits, broken down by business sector and firm size, but in a manner that does not identify individual taxpayer. Also, to require the department to report its assessment of the “effectiveness” of these credits, measured in terms of its record of attracting more business and jobs.
Who Voted "Yes" and Who Voted "No" - Received in the House on February 17, 2009.
- Referred to the House Tax Policy Committee on February 17, 2009.
Most Recent Comments
1) Re: 2009 Senate Bill 72 (Require tax break “effectiveness” report ) by SaneMichigander on February 16, 2009
I am left shaking my head over the constant attempt by one poster here to
filibuster on discussion of this bill. The poster repeatedly prattles
about unrelated or only distantly related matters, and political leanings without discussing the contents of this proposal. It’s time to grow up and take care of
business.
Sound business practice requires the examination and
justification of price discounts to selected customers. Are they worth the cost? Do they return a profit? Would it be better to replace
discounting with cutting prices or restraining price increases in general?
Essentially, that examination is what this bill seeks in
respect to tax credits, which are the equivalent of price discounts. It makes
no difference which political party or movement created the policies or
practices under scrutiny here: they have been put in play, so they affect us
all and belong to us all.
As a fiscal conservative, I want to see what, if any, return on
investment our state realizes from these handouts to selected businesses. That is why I support passage of this bill.
Reply
so, what will all the leftist zealots who for decades have favored tax increases do?
revolt?
form a new party even farther left?
probably. look at trueblue. he advocates socialism. do you?
and by the way... you got the saying wrong....
it's
"JESUS IS COMING... AND BOY IS HE PISSED."
Reply
Contrary to your belief, the "left" is not as ideologically frozen into place as the right is. Tax credits are sometimes a valuable tool to bring in new jobs and businesses to our state. Some of them are effective, some are not.
And if you mean by "true republicans" the republicans of back in the day, like Bill Milliken and Eisenhower, I'm flattered. That was when republicans were truly the party of fiscal conservatives and smaller, and smarter government. Government for the people, all of the people. Not the neo-con, anarchist, war mongering, government for the wealthy, let the markets run wild, greed is good, every man for himself, religious fanatics and hippocrites that call themselves republicans now days. I might not have agreed with them all of the time, but at least they were principled and pragmatic. Today, they are harder to find than hen's teeth. They used to be called moderates, today they are called history.
You my friend, are the new republican. Trapped in your ideological prison. Destined to stay in the minority until the moderates come back to reclaim their party.
Jesus is coming, look busy.
Reply
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