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2015 House Bill 4333: Prohibit MEGA corporate subsidy deal modifications
Introduced by Rep. Lee Chatfield (R) on March 10, 2015
To prohibit state “economic development” officials from amending or modifying a corporate tax break and subsidy deal granted to certain businesses and developers under a Michigan Economic Growth Authority law repealed in 2011. The bill was introduced after it was revealed that these agreements have generated an unfunded liability of nearly $10 billion for the state, and that officials continue to amend the deals in ways that may increase this.   Official Text and Analysis.
Referred to the House Tax Policy Committee on March 10, 2015
Reported in the House on April 29, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. Jim Townsend (D) on May 5, 2015
To specify the types of subsidy agreement changes that would be prohibited, and require economic development officials to notify the legislature before granting any changes.
The amendment failed by voice vote in the House on May 5, 2015
Amendment offered by Rep. Andy Schor (D) on May 5, 2015
To waive the proposed prohibitions on a subsidy deal revision if the House and Senate appropriations committees voted to approve it.
The amendment failed by voice vote in the House on May 5, 2015
Received in the Senate on May 12, 2015
Referred to the Senate Government Operations Committee on May 12, 2015