Public Act 290 of 2012

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• Introduced by Rep. Wayne Schmidt (R) on January 17, 2012, to authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
  • Referred to the House Commerce Committee on January 17, 2012.
    • Reported in the House on May 24, 2012, with the recommendation that the substitute (H-2) be adopted and that the bill then pass.
  • Substitute offered in the House on June 7, 2012. The substitute passed by voice vote in the House on June 7, 2012.
  • Amendment offered by Rep. Mike Shirkey (R) on June 7, 2012, to require the foregone local government and school taxes "captured" by these "smart zones" to be reimbursed out of the budget of the Michigan Strategic fund. The amendment passed by voice vote in the House on June 7, 2012.
• Passed 87 to 20 in the House on June 7, 2012.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on June 12, 2012.
  • Referred to the Senate Economic Development Committee on June 12, 2012.
    • Reported in the Senate on June 14, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on June 14, 2012. The substitute passed by voice vote in the Senate on June 14, 2012.
• Passed 28 to 8 in the Senate on June 14, 2012, to authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on June 14, 2012.
  • Amendment offered by Rep. Mike Shirkey (R) on July 18, 2012, to establish as the "intent of the legislature" than these will be the last of this particular type of subsidy. Note: The provision is not binding. The amendment passed by voice vote in the House on July 18, 2012.
• Passed 86 to 23 in the House on July 18, 2012, to concur with the Senate-passed version of the bill, with one amendment.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on July 18, 2012.
• Passed 26 to 10 in the Senate on July 18, 2012, to concur with the House-passed version of the bill.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Rick Snyder on August 1, 2012.