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2009 House Bill 5469: Increase electric car subsidies

Public Act 240 of 2009

Introduced by Rep. Ed Clemente (D) on September 25, 2009 To expand from four to five the number of $100 million subsidies to electric car battery makers, originally authorized by a 2008 law. The subsidies are in the form of "refundable" Michigan Business Tax credits for capital investments agreements, with “refundable” meaning the state will send check for the amount the credit exceeds the subsidy beneficiary's tax liability.   Official Text and Analysis.
Referred to the House New Economy And Quality Of Life Committee on September 25, 2009
Reported in the House on November 4, 2009 With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on November 12, 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 November 12, 2009
Passed 88 to 12 in the House on November 12, 2009 (same description)
To expand from four to five the number of $100 million subsidies to electric car battery makers, originally authorized by a 2008 law. The subsidies are in the form of "refundable" Michigan Business Tax credits for capital investments agreements, with “refundable” meaning the state will send check for the amount the credit exceeds the subsidy beneficiary's tax liability.
Received in the Senate on December 1, 2009
Referred to the Senate Commerce & Tourism Committee on December 1, 2009
Reported in the Senate on December 17, 2009 With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered in the Senate on December 17, 2009 To replace the previous version of the bill with one that authorizes a total of up to $120 million in subsidies for three electric car battery makers, and establishes eligibility criteria and production benchmarks for these. The maximum subsidy for any one of the firms would be $78 million.
The substitute passed by voice vote in the Senate on December 17, 2009
Passed 32 to 3 in the Senate on December 17, 2009 (same description)
To authorize a total of up to $120 million in subsidies for three electric car battery makers, Ford, GM and a German company called "Fortu." The maximum subsidy for any one of the firms would be $78 million, with the amount determined by certain specified production and investment benchmarks.
Received in the House on December 17, 2009 To authorize a total of up to $120 million in subsidies for three electric car battery makers, Ford, GM and a German company called "Fortu." The maximum subsidy for any one of the firms would be $78 million, with the amount determined by certain specified production and investment benchmarks.
Passed 96 to 6 in the House on December 17, 2009
Signed by Gov. Jennifer Granholm on December 31, 2009

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