2003 Senate Bill 825 (Senate Roll Call 565)
Passed in the Senate (38 to 0) on November 13, 2003, to authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as defined in the bill (see substitute). [History, Amendments & Comments]
The vote was 38 in favor, 0 opposed, and 0 not voting
(Senate Roll Call 565 at Senate Journal 97)
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The following legislators supported 2003 Senate Bill 825:
The following legislators opposed 2003 Senate Bill 825:
The following legislators did not vote on 2003 Senate Bill 825:
Most Recent Comments
1) More Corporate Welfare [by Anonymous Citizen on December 10, 2003]This bill admits that the high number of taxes that industries in Michigan have to pay hurts their ability to compete in the golbal marketplace. Why does the state insist on helping one industry at a time? Why wait until the situation gets so dire? Stop making these "A-Lists" of favored industries. End the Corporate welfare programs. Cut taxes across the board. Let all industries in Michigan benifit from the lower costs and be more competive against companies outside Michigan and the US!
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Jason,
Come on, end the MEDC. Extend the tax cuts.
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Introduced in the Senate on November 4, 2003, to authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as defined in the bill (see substitute)
The vote was 38 in favor, 0 opposed and 0 not voting
(Senate Roll Call 565 at Senate Journal 97)
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