Introduced
by
To eliminate any future selective business tax breaks and subsidies being granted by government “economic development” agency officials under several electric car “<a href="http://www.michiganvotes.org/SearchLegislation.aspx?CategoryID=0&Keywords=battery+subsidies&StartMonth=1&StartYear=2001&EndMonth=12&EndYear=2010&Results=50&Laws=True&op=Search">battery and drivetrain assembly</a>” schemes. The bill is part of a package that repeals a number of targeted tax breaks and subsidies (House Bills 6108 to 6119, and HB 5249), using the revenue that is now forgone because of these to cut the Michigan Business Tax rate for all firms (House Bills 6103 to 6107).
Referred to the Committee on Tax Policy
