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Legislation watch
2014 Senate Bill 786: Give tax breaks to aquaculture and hydroponics
Public Act 511 of 2014
Introduced by Sen. Bruce Caswell R-Hillsdale on February 13, 2014
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. Official Text and Analysis.
Referred to the Senate Finance Committee on February 13, 2014
Reported in the Senate on March 13, 2014
With the recommendation that the bill pass.
Received in the House on March 26, 2014
Referred to the House Tax Policy Committee on March 26, 2014
Reported in the House on November 12, 2014
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered by Rep. Robert Genetski R-Saugatuck on December 18, 2014
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 December 18, 2014
Received in the Senate on December 19, 2014
Signed by Gov. Rick Snyder on January 10, 2015