Introduced
by
To prohibit state “economic development” officials from amending or modifying corporate tax break and subsidy deals granted to certain businesses and developers under a Michigan Economic Growth Authority law (repealed in 2011) in a way that increases state liabilities. Also, to require these officials to disclose the details of any other modifications to the governor and legislature. The bill was introduced after it was revealed that these deals have generated a unfunded liability of nearly $10 billion, and that officials continue to amend and modify them in ways that may increase the liability.
Referred to the Committee on Tax Policy
