2004 House Bill 5445 / Public Act 80

Require MEGA "distressed businesses" tax credit report

Introduced in the House

Feb. 3, 2004

Introduced by Rep. Bill Huizenga (R-90)

To revise references to the Michigan Economic Growth Authority law (MEGA) that are contained in the single business tax law, so that the statute will conform to other recent changes in the MEGA law.

Referred to the Committee on Commerce

Feb. 4, 2004

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Feb. 19, 2004

Passed in the House 106 to 0 (details)

Received in the Senate

Feb. 24, 2004

Referred to the Committee on Commerce and Labor

March 30, 2004

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

March 31, 2004

Substitute offered

To replace the previous version of the bill with one that requires the Michigan Economic Growth Authority (MEGA) to report to the Legislature details on the tax credits granted to "distressed businesses".

The substitute passed by voice vote

Passed in the Senate 37 to 0 (details)

To require the Michigan Economic Growth Authority (MEGA) to report to the legislature details on the tax credits granted to "distressed businesses." This is part of a legislative package that would provide targeted tax breaks for Federal Mogul Corporation.

Received in the House

March 31, 2004

April 1, 2004

Passed in the House 105 to 0 (details)

To concur with the Senate-passed version of the bill, which requires the Michigan Economic Growth Authority (MEGA) to report to the legislature details on the tax credits granted to "distressed businesses." This is part of a legislative package that would provide targeted tax breaks for Federal Mogul Corporation.

Signed by Gov. Jennifer Granholm

April 21, 2004