Public Act 70 of 2012
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- Introduced by Rep. Joseph Haveman (R) on January 31, 2012, to simplify certain tax filing procedures for particular companies that have been granted a selective tax break/subsidy deal under previous state business tax regimes.
- Referred to the House Commerce Committee on January 31, 2012.
- Reported in the House on February 7, 2012, without amendment and with the recommendation that the bill pass.
- Referred to the House Commerce Committee on January 31, 2012.
- Passed 88 to 19 in the House on February 15, 2012.
Who Voted "Yes" and Who Voted "No" - Received in the Senate on February 16, 2012.
- Referred to the Senate Economic Development Committee on February 16, 2012.
- Reported in the Senate on March 1, 2012, with the recommendation that the bill pass.
- Referred to the Senate Economic Development Committee on February 16, 2012.
- Passed 30 to 8 in the Senate on March 22, 2012, to simplify certain tax filing procedures for particular companies that have been granted a selective tax break/subsidy deal under previous state business tax regimes.
Who Voted "Yes" and Who Voted "No" - Signed by Gov. Rick Snyder on March 29, 2012.
Comments
1) Re: 2012 House Bill 5332 (Revise corporate tax break/subsidy beneficiary tax filing detail ) by TaterSalad on March 7, 2012Barack Obama behind closed doors. With that said in the article below, how will Obama "spin" this to the public to make it look like he not a corporate tax rate cutter? Should be good for another .................laugh!
http://money.cnn.com/2012/03/07/news/economy/CEO-jobs-obama/index.htm?iid=HP_River
Goodness, such a mystery! Who are these "particular companies that have been granted a selective tax break/subsidy deal under previous state business tax regimes"? It almost seems like actually naming the affected companies might take fewer words than describing their tax situation does. Then again, I'm not a legislator, so what do I know.
I do hope that whoever these companies are, they've been vetted better than was Obama/Biden favorite, Solyndra, the California solar panel company that promised to create 4000 jobs, thus received a half-billion dollar loan guarantee from the taxpayers (carefully designed to be UNsecured) then promply declared bankrupcy, so that taxpayers were stuck repaying the loan. It is starting to appear that "green" energy isn't a prudent investment--though as long as it's just taxpayers investing, who really cares?
I suppose we'll find out who these companies are when they, sadly, close their doors and declare bankruptcy, huh?
Introduced in the House on January 31, 2012
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