Introduced
by
To authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as determined by the Michigan Strategic Fund.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
Amended the bill to define the "tool and die collaboration agreement" firms would be required to enter to become beneficiaries of the proposed tax advantages as "an agreement that demonstrates synergistic opportunities, including, sales and marketing efforts; development of standardized processes; development of tooling standards; standardized project management methods; improved ability for specialized or small niche shops to develop expertise and compete successfully on larger programs".
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as defined in the bill (see substitute).
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one which incorporates technical changes that do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 98 to 8 (details)
To authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as determined by the Michigan Strategic Fund.
Substitute offered
by
To replace the previous version of the bill with one which also extends the proposed tax breaks to selected makers of office and store fixtures, shelving, lockers, frames, partitions, and related products.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To concur with the House-passed version of the bill, amended to include extend the proposed tax breaks to selected makers of office and store fixtures, shelving, lockers, frames, partitions, and related products.
Passed in the House 100 to 9 (details)
To concur with the second Senate-passed version of the bill, which also extends the proposed tax breaks to selected makers of office and store fixtures, shelving, lockers, frames, partitions, and related products.
