Senator Cassis, under her constitutional right of protest (Art. 4, Sec. 18), protested against the passage of House Bill Nos. 5972, 5973, and 5976.
Senator Cassis’ statement is as follows:
House Bill No. 5972, House Bill No. 5973, and House Bill No. 5976 represent the largest legislative give-away to one global, extremely prosperous manufacturer of polycrystalline silicon, used in the making of solar cells and semiconductor microchips. The name of the company is Hemlock Semiconductor. At a minimum of $311 million to approximately $357 million, these refundable Michigan business tax credits will be subsidized by Michigan taxpayers, leaving a significant deficit in the General Fund in the years 2012 through 2023.
Considering the state of all our businesses in Michigan that could certainly be helped with broad-based tax relief, giving so much to one company is unprecedented. For these reasons, I oppose these bills.