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 as to increase from 25 to 40 the number of such “zones” authorized (these zones are actually particular firms or groups of firms, rather than real “zones”), and to loosen the 75 employee eligibility cap if a firm agrees to pay the equivalent of some taxes to the local government and school (ordinarily, firms in “renaissance zones” are exempt from all state and local taxes).
Referred to the Committee on Economic Development and Regulatory Reform
Reported without amendment
With the recommendation that the substitute (S-2) 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)
Referred to the Committee on Commerce
