2003 Senate Bill 821 ↩

House Roll Call 729: Passed

To extend the Dec. 31, 2003 sunset of the Michigan Economic Growth Authority (MEGA) until Dec. 31, 2009. MEGA is authorized to grant tax credits to companies that promise (but are not required to guarantee) to create or retain a certain number of jobs. The bill would add a provision requiring a MEGA beneficiary firm to provide an independent audit if requested by the Michigan Economic Development Corporation (MEDC), showing whether the new jobs it promised have been delivered.