2009 House Bill 4340

Expand certain business subsidy tax credit eligibility

Introduced in the House

Feb. 18, 2009

Introduced by Rep. Robert Jones (D-60)

To lower from $100,000 to $25,000 the size of an initial investment in an "advanced automotive, manufacturing, and materials technology" business subsidized through an income tax credit under a provision of a “<a href="http://www.michiganvotes.org/2005-SB-521">community-based seed capital fund</a>” related to the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program.

Referred to the Committee on New Economy and Quality of Life