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2017 Senate Bill 243: Transfer state revenue to certain business owners

Public Act 110 of 2017

Introduced by Sen. Wayne Schmidt R-Traverse City on March 15, 2017
To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies based on the amount of state income tax paid by their employees.   Official Text and Analysis.
Referred to the Senate Economic Development and International Investment Committee on March 15, 2017
Reported in the Senate on March 28, 2017
With the recommendation that the bill pass.
Received in the House on March 29, 2017
Referred to the House Tax Policy Committee on March 29, 2017
Reported in the House on June 20, 2017
Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To tie-bar the bill to House Bill 4550, meaning this bill cannot become law unless that one does also. HB 4550 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To tie-bar the bill to House Bill 4645, meaning this bill cannot become law unless that one does also. HB 4645 would end the practice of allowing the state agency in charge of selectively granting favors to certain businesses to automatically collect revenue paid to the state through Indian casino gaming compacts and other "off budget" sources.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Jim Tedder R-Clarkston on July 12, 2017
To establish that if enacted the bill will go into effect 30 days afterwards.
The amendment passed by voice vote in the House on July 12, 2017
Received in the Senate on July 12, 2017
To concur with the House-passed version of the subsidy package, which includes a provision intended to cap the payouts at $200 million.
Signed by Gov. Rick Snyder on July 25, 2017