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2008 Senate Bill 1541: Require more details in annual MEGA report
Introduced by Sen. Nancy Cassis (R) on September 24, 2008 To require an annual report that the Michigan Economic Growth Authority (MEGA) is required to submit to the legislature to include “the amount of capital investment and the number of jobs required to be created or retained” during the year by each business that enters into a tax break agreement with the Authority. Currently the report must include aggregate figures on the total amount of capital investment and new jobs supposedly attracted by firms that are picked by state economic development officials to receive these selective tax breaks.   Official Text and Analysis.
Referred to the Senate Finance Committee on September 24, 2008
Reported in the Senate on October 15, 2008 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on November 12, 2008 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 Senate on November 12, 2008
Passed 36 to 0 in the Senate on November 13, 2008 (same description)
To require an annual report that the Michigan Economic Growth Authority (MEGA) is required to submit to the legislature to include “the amount of capital investment and the number of jobs required to be created or retained” during the year by each business that enters into a tax break agreement with the Authority. Currently the report must include aggregate figures on the total amount of capital investment and new jobs supposedly attracted by firms that are picked by state economic development officials to receive these selective tax breaks.
Received in the House on November 13, 2008
Referred to the House Commerce Committee on November 13, 2008

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