2008 House Bill 5845

Senate Roll Call 174: Passed

To authorize an income tax deduction for the gain on an investment of more than $25,000 in a production company that shoots a film or TV show in Michigan, if a portion of the principle and gain (if any) is reinvested within two years in another film studio shooting in Michigan. Also, to lower the size of the required investment and extend the time for a required reinvestment in <a href="http://www.michiganvotes.org/2005-SB-533">2006 law</a> that authorizes similar tax breaks for investments in certain “competitive edge” technologies selected by the legislature.

21 Yeas / 16 Nays
Republican (21 Yeas / 0 Nays)
Democrat (0 Yeas / 16 Nays)
Excused or Not Voting (1)