Introduced
by
To increase from $25 million to $30 million a refundable Michigan Business Tax credit for upgrades at the Michigan International Speedway. Refundable means the state would write the firm a check for the difference between the credit and the its actual tax liability, if any.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 26 to 10 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To clarify that the proposed tax break/subsidy only applies for expenditures by the speedway in Michigan.
The amendment passed by voice vote
Amendment offered
by
To revise various dates in the bill to reflect the later-than-expected final passage date.
The amendment passed by voice vote
Passed in the House 90 to 2 (details)
To increase from $25 million to $30 million a refundable Michigan Business Tax credit for upgrades at the Michigan International Speedway. Refundable means the state would write the firm a check for the difference between the credit and the its actual tax liability, if any.
To concur with the House-passed version of the bill.
Passed in the Senate 26 to 5 (details)
Motion to reconsider
by
So as to pass the bill again after granting excused absences to two members who had left.
The motion passed by voice vote
Received
Passed in the Senate 26 to 7 (details)
