Introduced
by
To cap the value of increased Michigan Economic Growth Authority tax break credits claimed in any year to $30 million more than those claimed the previous year.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that raises the proposed MEGA tax break annual increase cap from $30 million to $95 million.
The substitute passed by voice vote
Passed in the Senate 35 to 0 (details)
To cap the increase in certain Michigan Economic Growth Authority tax break credits claimed in any year at $95 million more than those claimed the previous year. This would only apply to the first year of a particular firm's subsidies; in subsequent years higher subsidies could be given.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises various details, but does not change its substance. This was not adopted in favor of another substitute with more changes.
The substitute failed by voice vote
Substitute offered
by
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
Amendment offered
by
To clarify which tax break agreements would be subject to the cap.
The amendment passed by voice vote
Passed in the House 104 to 1 (details)
To cap the increase in certain Michigan Economic Growth Authority tax break credits claimed in any year at $95 million more than those claimed the previous year. This would only apply to the first year of a particular firm's subsidies; in subsequent years higher subsidies could be given.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
