Michigan Votes Forum

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)

Click here to view bill details.

Jason,

Come on, end the MEDC. Extend the tax cuts.

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!