Introduced in the Senate on November 4, 2003, to extend the Dec. 31, 2003 sunset of the Michigan Economic Growth Authority (MEGA) until Dec. 31, 2009. MEGA is authorized to grant tax credits to companies that promise (but are not required to guarantee) to create or retain a certain number of jobs. The bill would add a provision requiring a MEGA beneficiary firm to provide an independent audit each year showing whether the new jobs it promised have been delivered
The vote was 38 in favor, 0 opposed and 0 not voting
(Senate Roll Call 551 at Senate Journal 96)
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