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2011 House Bill 4362: “Grandfather” certain corporate subsidies and tax breaks

Public Act 39 of 2011

Introduced by Rep. Jud Gilbert (R) on March 1, 2011
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.
Referred to the House Tax Policy Committee on March 1, 2011
Reported in the House on April 27, 2011
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on April 27, 2011
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the House on April 27, 2011
Amendment offered by Rep. Jud Gilbert (R) on April 27, 2011
To clarify certain technical details in the bill.
The amendment passed by voice vote in the House on April 27, 2011
Received in the Senate on May 4, 2011
Referred to the Senate Reforms, Restructuring and Reinventing Committee on May 4, 2011
Reported in the Senate on May 12, 2011
With the recommendation that the bill pass.
Substitute offered in the Senate on May 12, 2011
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the Senate on May 12, 2011
Amendment offered by Sen. Coleman Young, II (D) on May 12, 2011
To require individuals eligible for certain corporate tax breaks to report all his or her state political contributions.
The amendment failed by voice vote in the Senate on May 12, 2011
Amendment offered by Sen. Bert Johnson (D) on May 12, 2011
To "grandfather" certain additional corporate tax breaks.
The amendment failed 16 to 22 in the Senate on May 12, 2011.
    See Who Voted "Yes" and Who Voted "No".
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 .
Received in the House on May 12, 2011
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on May 25, 2011

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