Public Act 240 of 2009

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• 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.
  • 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.
  Who Voted "Yes" and Who Voted "No"
• 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, 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.
  Who Voted "Yes" and Who Voted "No"
• 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.
  Who Voted "Yes" and Who Voted "No"
• Signed by Gov. Jennifer Granholm on December 31, 2009.