Introduced
by
To revise the definition of a firm eligible for the “Tool and Die Renaissance Recovery Zone” tax breaks authorized by <a href="http://www.michiganvotes.org/2003-HB-5243">Public Act 202 of 2004</a>, so that it would only have to receive 51 percent of its gross revenue from tool and die work, as opposed to 80 percent under current regulations. Also, to loosen the 50 employee eligibility cap so that this cap would only apply to employees who actually do "tool and die work.” See House Bill 4812.
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To clarify the definition of employees who actually do tool and die work.
The amendment passed by voice vote
Passed in the House 80 to 29 (details)
To revise the definition of a firm eligible for the “Tool and Die Renaissance Recovery Zone” tax breaks authorized by <a href="http://www.michiganvotes.org/2003-HB-5243">Public Act 202 of 2004</a>, so that it would only have to receive 51 percent of its gross revenue from tool and die work, as opposed to 80 percent under current regulations. Also, to loosen the 50 employee eligibility cap so that it only includes employees who actually do "tool and die work.” See House Bill 4812.
Referred to the Committee on Commerce and Labor
