2014 Senate Bill 786 / Public Act 511

Give tax breaks to aquaculture and hydroponics

Introduced in the Senate

Feb. 13, 2014

Introduced by Sen. Bruce Caswell (R-16)

To exempt aquaculture and hydroponics production facilities from property taxes. Senate Bill 787 would instead impose a new “specific” tax equal to 25 percent of the regular property tax.

Referred to the Committee on Finance

March 13, 2014

Reported without amendment

With the recommendation that the bill pass.

March 26, 2014

Passed in the Senate 36 to 1 (details)

Received in the House

March 26, 2014

Referred to the Committee on Tax Policy

Nov. 12, 2014

Reported without amendment

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

Dec. 18, 2014

Substitute offered by Rep. Bob Genetski (R-80)

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

Dec. 19, 2014

Passed in the House 94 to 16 (details)

To exempt aquaculture and hydroponics production facilities from property taxes. Senate Bill 787 would instead impose a new “specific” tax equal to 25 percent of the regular property tax.

Received in the Senate

Dec. 19, 2014

Passed in the Senate 37 to 1 (details)

Signed by Gov. Rick Snyder

Dec. 31, 2014