Introduced
by
To revise the law that authorizes liquor and hotel taxes to pay for debt service on Cobo Hall and other municipal convention facilities, so as to shift the revenue to the convention facility authorities proposed by House Bill 5590. The bill would extend regional Cobo Hall taxes that will expire in 2015 to 2022.
Referred to the Committee on Regulatory Reform
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
To extend the Cobo taxes to 2039.
The substitute passed by voice vote
Passed in the House 58 to 43 (details)
To extend the expiration of the law that authorizes liquor and hotel taxes to pay for debt service on Cobo Hall from 2015 to 2039, increase the liqour taxes by 2 percent starting in 2016, authorize the use of $15 to $16 million of state cigarette tax revenues for Cobo Hall, and authorize up to $308 million in debt to renovate and expand Cobo Hall. House Bill 5690 establishes a regional Cobo Hall authority.
Referred to the Committee on Commerce and Tourism
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 incorporates provsions of a compromise on the creation of a regional Cobo Hall Authority; see Senate-passed bill for details.
The substitute passed by voice vote
Passed in the Senate 27 to 4 (details)
To extend the expiration of the law that authorizes liquor and hotel taxes to pay for debt service on Cobo Hall from 2015 to 2039, authorize the use some state cigarette tax revenues and some of the money borrowed for the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” for Cobo Hall, and make other revisions to the Cobo Hall financing law to accomodate its tranfer to a regional facility (see Senate Bill 1630).
Passed in the House 57 to 35 (details)
