2007 House Bill 5126 / Public Act 216

Extend certain Michigan Business Tax credits to insurance companies

Introduced in the House

Aug. 22, 2007

Introduced by Rep. Joan Bauer (D-68)

To allow insurance companies to claim the historic preservation 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

Without amendment and with the recommendation that the bill pass.

Oct. 11, 2007

Passed in the House 108 to 0 (details)

To allow insurance companies to claim the historic preservation credit authorized for other kinds of businesses under the new Michigan Business Tax. Among other benificiaries of the change would be the Accident Fund insurance company, which wants tax breaks to convert a derelict power plant in Lansing into an office building.

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 historic preservation credit authorized for other kinds of businesses under the new Michigan Business Tax. Among other beneficiaries of the change would be the Accident Fund insurance company, which wants tax breaks to convert a derelict power plant in Lansing into an office building.

Signed by Gov. Jennifer Granholm

Dec. 27, 2007