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2009 Senate Bill 777: Authorize $100 million battery manufacturer subsidy

Public Act 110 of 2009

Introduced by Sen. Tony Stamas R- on August 27, 2009
To give a four-year, $100 million subsidy to a joint venture of the "Xtreme Power" and "Clairvoyant Energy" corporations, which would make “large scale power systems designed to convert variable renewable power into firm dispatchable power” at the fomer Ford Wixom assembly plant. The subsidy is structured as a "refundable" tax credit, meaning the state will send the company a check for the amount that the credit exceeds its tax liability.   Official Text and Analysis.
Referred to the Senate Commerce & Tourism Committee on August 27, 2009
Reported in the Senate on September 10, 2009
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on September 10, 2009
The substitute passed by voice vote in the Senate on September 10, 2009
Received in the House on September 10, 2009
Referred to the House New Economy And Quality Of Life Committee on September 10, 2009
Reported in the House on September 23, 2009
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Jennifer Granholm on October 6, 2009