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2019 House Bill 4190: Limit corporate subsidy deal modifications

Public Act 91 of 2019

Introduced by Rep. Michael Webber (R) on February 14, 2019
To prohibit state economic development officials from modifying one of the agreements entered with a relative handful of large companies mostly in the late 2000s that granted them up to $9 billion worth of state taxpayer subsidies (styled as “refundable business tax credits”) over a 20 year period. Specifically, the agreements could not be changed in a way that increases the payouts or extends them. However, the bill makes an exception for subsidies granted to Federal Mogul company in the 2000s, so that the company that bought the firm in 2018 (Tenneco) can collect additional subsidies on a Michigan facility said to be worth around $12 million, on top of some $60 million already given to the owners of this facility over the years.   Official Text and Analysis.
Referred to the House Tax Policy Committee on February 14, 2019
Reported in the House on May 1, 2019
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-4) be adopted.
Referred to the House Ways and Means Committee on May 1, 2019
Reported in the House on May 14, 2019
With the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Substitute offered in the House on May 21, 2019
To adopt a substitute that revises details of the Tenneco deal.
The substitute passed by voice vote in the House on May 21, 2019
Received in the Senate on May 24, 2019
Referred to the Senate Finance Committee on May 24, 2019
Reported in the Senate on September 10, 2019
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Received in the House on September 17, 2019
Passed 104 to 5 in the House on September 18, 2019.
    See Who Voted "Yes" and Who Voted "No".
To concur with the Senate-passed version of the bill.
Signed by Gov. Gretchen Whitmer on October 10, 2019

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