Introduced by Sen. Nancy Cassis (R) on August 26, 2009, 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 Senate Finance Committee on August 26, 2009.
Reported in the Senate on August 27, 2009, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on September 9, 2009, 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 in the Senate on September 9, 2009.
Passed 35 to 0 in the Senate on September 10, 2009, 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. Who Voted "Yes" and Who Voted "No"
Received in the House on September 10, 2009.
Referred to the House New Economy And Quality Of Life Committee on September 10, 2009.
Reported in the House on September 23, 2009, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on October 14, 2009, 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 in the House on October 14, 2009.
Substitute offered by Rep. Ed Clemente (D) on October 14, 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 House on October 14, 2009.
Amendment offered by Rep. Ed Clemente (D) on October 14, 2009, to clarify which tax break agreements would be subject to the cap. The amendment passed by voice vote in the House on October 14, 2009.
Passed 104 to 1 in the House on October 14, 2009, 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. Who Voted "Yes" and Who Voted "No"
Received in the Senate on October 15, 2009.
Passed 37 to 0 in the Senate on October 15, 2009, to concur with the House-passed version of the bill. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on October 27, 2009.