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Legislation watch
2012 House Bill 5732: Revise selective tax break detail
Public Act 475 of 2012
Introduced by Rep. Jud Gilbert R-Algonac on June 12, 2012
To allow a company or developer with a targeted “historical resource rehabilitation” business tax break to sell all or part of the tax break to one or more other firms. Official Text and Analysis.
Referred to the House Tax Policy Committee on June 12, 2012
Reported in the House on September 12, 2012
Without amendment and with the recommendation that the bill pass.
Substitute offered by Rep. Jim Stamas R-Midland on December 4, 2012
The substitute passed by voice vote in the House on December 4, 2012
Received in the Senate on December 5, 2012
Referred to the Senate Finance Committee on December 5, 2012
Reported in the Senate on December 13, 2012
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 22, 2012