To “grandfather” a range of the special business tax breaks and subsidies that have been granted to particular firms under a number of “targeted” exemptions and “credits” (some of which are actually cash payments). The bill is a part package to enact Gov. Rick Snyder’s proposal to convert the Michigan Business Tax into a 6 percent corporate income tax (see House Bill 4361). The “grandfathering” would only apply to firms that have already become eligible for a particular tax break or subsidy, or have a written agreement with the state granting one.   Official Text and Analysis.

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

To clarify certain technical details in the bill.

With the recommendation that the bill pass.

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

To require individuals eligible for certain corporate tax breaks to report all his or her state political contributions.

To "grandfather" certain additional corporate tax breaks.

To “grandfather” a range of the special business tax breaks and subsidies that have been granted to particular firms under a number of “targeted” exemptions and “credits” (some of which are actually cash payments). The bill is a part package to enact Gov. Rick Snyder’s proposal to convert the Michigan Business Tax into a 6 percent corporate income tax (see House Bill 4361). The “grandfathering” would only apply to firms that have already become eligible for a particular tax break or subsidy, or have a written agreement with the state granting one .

To concur with the Senate-passed version of the bill.