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2015 House Bill 4475: Require disclosure of corporate “economic development” subsidy details
Introduced by Rep. Bill LaVoy D-Monroe on April 16, 2015
To require the Department of Treasury to disclose the details annual tax break and subsidy deal payouts granted to particular businesses and developers under a Michigan Economic Growth Authority law repealed in 2011. The bill was introduced after it was revealed that these deals have generated a unfunded liability of nearly $10 billion. Under current law, information on which companies were granted these special deals and the terms of their agreements are kept secret.   Official Text and Analysis.
Referred to the House Tax Policy Committee on April 16, 2015