2008 House Bill 6603

Subsidize investments in Michigan business

Introduced in the House

Nov. 6, 2008

Introduced by Rep. Glenn Steil (R-72)

To authorize an income tax credit of up to $7.5 million equal to 75 percent of the amount of a business investment in this state including construction projects, new business tools and equipment, or certain loans and stock purchases.

Referred to the Committee on Tax Policy