2013 House Bill 5011 / 2014 Public Act 16

Revise past business tax credit detail

Introduced in the House

Sept. 25, 2013

Introduced by Rep. Harold Haugh (D-22)

To revise details of "claw back" provisions for a business that was granted a selective tax break under the repealed Michigan Business Tax in return for acquiring a certain asset, but which later sells that asset.

Referred to the Committee on Tax Policy

Oct. 30, 2013

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Oct. 31, 2013

Substitute offered

The substitute passed by voice vote

Nov. 7, 2013

Passed in the House 108 to 1 (details)

Received in the Senate

Nov. 12, 2013

Referred to the Committee on Finance

Jan. 21, 2014

Reported without amendment

With the recommendation that the bill pass.

Feb. 13, 2014

Passed in the Senate 38 to 0 (details)

To revise details of "claw back" provisions for a business that was granted a selective tax break under the repealed Michigan Business Tax in return for acquiring a certain asset, but which later sells that asset.

Signed by Gov. Rick Snyder

Feb. 25, 2014