2006 House Bill 6183 / Public Act 240

Establish no impairment of SBT tax breaks upon repeal

Introduced in the House

June 8, 2006

Introduced by Rep. Glenn Steil (R-72)

To establish that if the Single Business Tax is repealed, a firm that had been promised an SBT credit for a brownfield redevelopment or historic preservation project could deduct the amount of the credits from their last SBT payment, and if the credit exceeded the tax liability, the difference would be refunded.

Referred to the Committee on Tax Policy

June 14, 2006

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the House 105 to 0 (details)

Received in the Senate

June 15, 2006

Referred to the Committee on Finance

June 22, 2006

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the Senate 37 to 0 (details)

To establish that if the Single Business Tax is repealed, a firm that had been promised brownfields tax credits could deduct the amount of the credits from their last SBT payment, and if the credit exceeded the tax liability, the difference would be refunded.

Received in the House

June 22, 2006

Passed in the House 106 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Jennifer Granholm

June 27, 2006