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2002 Senate Bill 1322

Public Act 531 of 2002

Introduced by Sen. Joanne Emmons R- on May 9, 2002
To provide single business tax exemptions and payroll tax credits for certain companies that research, develop, or produce alternative energy technologies, and provide state subsidized incentives for certain investments in such technologies.   Official Text and Analysis.
Referred to the Senate Finance Committee on May 9, 2002
Substitute offered in the Senate on June 18, 2002
To replace the previous version of the bill with a version recommended by the committee which reported it, but since superceded by the addition of other minor wording changes which do not affect the substance of the bill as previously described.
The substitute failed by voice vote in the Senate on June 18, 2002
Substitute offered by Sen. Joanne Emmons R- on June 18, 2002
To replace the previous version of the bill with one which narrows the scope of the bill to focus more exclusively on new alternative energy activities, and on firms located within the proposed alternative energy renaissance zone.
The substitute passed by voice vote in the Senate on June 18, 2002
Received in the House on June 18, 2002
To authorize two new single business tax (SBT) credits. The first would be for research, development, or manufacturing of alternative energy systems, vehicles, and marine propulsion systems, or for "renewable fuels" including biodiesel or biomass. The second would be a refundable payroll credit for a firm located in a proposed alternative energy renaissance zone.
Amendment offered by Rep. Nancy Cassis R- and Rep. Randy Richardville R- on July 3, 2002
To use the bill as a legislative “vehicle” to end the Single Business Tax (SBT) after the year 2009, and to allow the annual January 1, one-tenth percent SBT cut if the balance in the state Budget Stabilization Fund (BSF, or "rainy day fund") is above $350 million on Jan. 1, even if it was below $250 million on Sept. 30 (which under current law postpones the cut).
The amendment passed by voice vote in the House on July 3, 2002
To end the Single Business Tax (SBT) after the year 2009, and let an SBT cut to go forward in 2003, notwithstanding passage of HB 5883, which lowers the Budget Stabilization Fund (BSF, or “rainy day fund”) balance to below the threshold that requires the cut to be postponed. The bill would also authorize two new single business tax (SBT) credits. The first would be for research, development, or manufacturing of alternative energy systems, vehicles, and marine propulsion systems, or for "renewable fuels" including biodiesel or biomass. The second would be a refundable payroll credit for a firm located in a proposed alternative energy renaissance zone.
Moved to reconsider in the House on July 3, 2002
To reconsider the vote by which the House adopted the amendments offered previously by Reps. Cassis and Raczkowski. The amendments were withdrawn.
Passed by voice vote in the House on July 3, 2002
Received in the House on July 3, 2002
Moved to reconsider by Rep. Bruce Patterson R- on July 3, 2002
To reconsider the vote by which the House adopted the amendments offered previously by Reps. Cassis and Richardville to end the Single Business Tax (SBT) after the year 2009, and to allow the annual January 1, one-tenth percent SBT cut if the balance in the state Budget Stabilization Fund (BSF, or "rainy day fund") is above $350 million on Jan. 1, even if it was below $250 million on Sept. 30 (which under current law postpones the cut). The amendments were withdrawn.
The motion passed by voice vote in the House on July 3, 2002
Amendment offered by Rep. Nancy Cassis R- on July 3, 2002
To end the Single Business Tax (SBT) after the year 2009, and to raise the “cliff,” which is the amount of annual gross receipts at which a business must begin paying the tax, from $250,000 to $350,000. (Below the “cliff” a business pays no tax; above it a business pays tax on the entire amount, which is why it is called the “cliff”). An earlier Cassis amendment allowing a 2003 SBT cut to take place was reconsidered and this amendment was added instead.
The amendment passed by voice vote in the House on July 3, 2002
To end the Single Business Tax (SBT) after the year 2009, and raise the “cliff,” or amount of annual gross receipts which subjects a business to the tax, from $250,000 to $350,000. (Below the “cliff” a business pays no tax; above it a business pays tax on the entire amount, which is why it is called the “cliff.”) These provisions were added after the legislature voted to adopt a version of House Bill 5883 which will likely cause previously programmed SBT cuts to be postponed. The bill would also authorize two new single business tax (SBT) credits. The first would be for research, development, or manufacturing of alternative energy systems, vehicles, and marine propulsion systems, or for "renewable fuels" including biodiesel or biomass. The second would be a refundable payroll credit for a firm located in a proposed alternative energy renaissance zone.
Received in the Senate on July 9, 2002
Signed by Gov. John Engler on July 25, 2002

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