2007 House Bill 5125 / Public Act 215

Extend certain Michigan Business Tax credits to insurance companies

Introduced in the House

Aug. 22, 2007

Introduced by Rep. Steve Bieda (D-25)

To allow insurance companies to claim the renaissance zone tax credit authorized for other kinds of businesses under the new Michigan Business Tax.

Referred to the Committee on Tax Policy

Sept. 12, 2007

Reported without amendment

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

Oct. 11, 2007

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

Amendment offered by Rep. Alma Smith (D-54)

Consideration postponed

Withdrawn by Rep. Alma Smith (D-54)

Passed in the House 108 to 0 (details)

Received in the Senate

Oct. 16, 2007

Referred to the Committee on Finance

Dec. 13, 2007

Passed in the Senate 36 to 0 (details)

To allow insurance companies to claim the renaissance zone tax credit authorized for other kinds of businesses under the new Michigan Business Tax.

Signed by Gov. Jennifer Granholm

Dec. 27, 2007