Introduced
by
To clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000). The bill would prohibit the tax break if a stadium has been the beneficiary of other specific government spending or targeted tax breaks.
Referred to the Committee on Tax Policy
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 99 to 6 (details)
Referred to the Committee on Finance
Substitute offered
To replace the previous version of the bill with one that that does not include a reference to the amount a sports stadium owner must invest in the property to qualify for the tax break.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000). The bill would prohibit the tax break if a stadium has been the beneficiary of other specific government spending or targeted tax breaks.
Amendment offered
by
Consideration postponed
Withdrawn
Amendment offered
by
To replace a provision in earlier versions of the bill referencing the amount a sports stadium owner must invest in the property to qualify for the tax break, and lower this from $250 million to $125 million.
The amendment passed by voice vote
Passed in the House 102 to 5 (details)
To concur with the Senate-passed version of the bill, with the addition of the second Bieda amendment.
