2010 Senate Bill 1234 / Public Act 242

Authorize new transit-related spending, tax breaks and subsidies

Introduced in the Senate

March 18, 2010

Introduced by Sen. Gilda Jacobs (D-14)

To give “corridor improvement authorities" the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts). The bill is part of a package comprised of Senate Bills 1233 to 1237.

Referred to the Committee on Commerce and Tourism

Sept. 7, 2010

Reported without amendment

With the recommendation that the bill pass.

Sept. 22, 2010

Passed in the Senate 37 to 0 (details)

Received in the House

Sept. 22, 2010

Referred to the Committee on Intergovernmental, Urban, and Regional Affairs

Nov. 9, 2010

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 1, 2010

Passed in the House 70 to 32 (details)

To give “corridor improvement authorities" the power to borrow and spend on infrastructure projects and subsidies that promote the use of mass transit and are within a half mile of a transit station. The debt is paid by "capturing" a portion of increased property taxes that would otherwise be available to local governments to pay for their own operations (or for tax cuts). The bill is part of a package comprised of Senate Bills 1233 to 1237.

Signed by Gov. Jennifer Granholm

Dec. 14, 2010