Legislation watch
2011 Senate Bill 556: Create new government corporate subsidy program
Public Act 250 of 2011
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- Introduced by Sen. John Proos, IV (R) on June 30, 2011, to create a new government program to give subsidies to particular businesses selected by political appointees and certain state agency officials. This one would be called the “Michigan business development program.” It would essentially replace the Michigan Economic Growth Authority, and instead deliver some $100 million annually to selected firms in outright cash grants, rather than combinations of tax breaks and cash grants. See also Senate Bills 566 to 568.
- Referred to the Senate Economic Development Committee on June 30, 2011.
- Reported in the Senate on October 4, 2011, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
- Substitute offered in the Senate on October 5, 2011, to replace the previous version of the bill with one that revises details but does not change the substance as previously described. The substitute passed by voice vote in the Senate on October 5, 2011.
- Referred to the Senate Economic Development Committee on June 30, 2011.
- Passed 33 to 5 in the Senate on October 6, 2011.
Who Voted "Yes" and Who Voted "No" - Received in the House on October 6, 2011.
- Referred to the House Commerce Committee on October 6, 2011.
- Reported in the House on November 2, 2011, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
- Substitute offered in the House on November 29, 2011, to replace the previous version of the bill with one that revises details, and eliminates "diversifies the state economy" as one of the rationales for handing out these subsidies to a particular firm. The substitute passed by voice vote in the House on November 29, 2011.
- Referred to the House Commerce Committee on October 6, 2011.
- Passed 95 to 11 in the House on November 30, 2011, to create a new government program to give subsidies to particular businesses selected by political appointees and certain state agency officials. This one would be called the “Michigan business development program.” It would essentially replace the Michigan Economic Growth Authority, and instead deliver some $100 million annually to selected firms in outright cash grants, rather than combinations of tax breaks and cash grants. See also Senate Bills 566 to 568.
Who Voted "Yes" and Who Voted "No" - Received in the Senate on December 1, 2011.
- Passed 34 to 1 in the Senate on December 6, 2011, to concur with the House-passed version of the bill.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Rick Snyder on December 13, 2011.
Comments
1) Re: 2011 Senate Bill 556 (Create another government corporate subsidy program ) by isabelleelise on December 2, 2011More of the same crony Capitalism where government picks the winners and losers. Expensive, unfair, foolish, wasteful and arrogant.
No more subsidies of our tax dollars!!! Let the free market determine the winners and losers not a bunch of politicians playing favoritism with no knowledge of what does and does not work. . .
Would this be similar to the Solyndra give-away? You give them millions of dollars and then they contribute to your political campaigns?
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