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2008 Senate Bill 1172: Facilitate and authorize tax breaks for Michigan film production
Introduced by Sen. Randy Richardville (R) on March 4, 2008
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 Senate Bill 533 that authorizes similar tax breaks for investments in certain “competitive edge” technologies selected by the legislature.   Official Text and Analysis.
Referred to the Senate Commerce & Tourism Committee on March 4, 2008
Reported in the Senate on March 12, 2008
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on March 12, 2008
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote in the Senate on March 12, 2008
Received in the House on March 12, 2008
Referred to the House Commerce Committee on March 12, 2008