Checkmark
Legislation watch
     

Search all years.

2009 House Bill 5275: Give $100 million subsidy to an "energy conversion device" maker
Introduced by Rep. Lisa Brown D- on August 19, 2009
To give a four-year, $100 million subsidy to a joint venture of rhe the "Xtreme Power" and "Clairvoyant Energy" corporations, which would employ 300 at the fomer Ford Wixom assembly plant making “large scale power systems designed to convert variable renewable power into firm dispatchable power.” The subsidy is structured as a "refundable" tax credit, meaning the state will send a check for the amount that the credit exceeds the company's tax liability.   Official Text and Analysis.
Referred to the House New Economy And Quality Of Life Committee on August 19, 2009
Reported in the House on August 26, 2009
Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Tom McMillin R- on September 2, 2009
To require the company to create 2,500 jobs to get the subsidy, rather than 300.
The amendment failed by voice vote in the House on September 2, 2009
Amendment offered by Rep. Tom McMillin R- on September 2, 2009
To require the company to contract with Michigan construction and equipment-making companies to qualify for the subsidy.
The amendment failed by voice vote in the House on September 2, 2009
Amendment offered by Rep. Tom McMillin R- on September 2, 2009
To tie-bar the bill to Senate Bill 71, meaning this bill cannot become law unless that one does also. SB 71 would require the Michigan Economic Growth Authority to file annual reports that disclose not just aggregate data on the deals offered to particular firms it selects, but also details about the tax break and subsidy deals offered to particular firms.
The amendment failed by voice vote in the House on September 2, 2009
Received in the Senate on September 9, 2009
Referred to the Senate Commerce & Tourism Committee on September 9, 2009