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2019 Senate Bill 492: Don't terminate corporate subsidy program intended for iPhone maker
Introduced by Sen. Kenneth Horn (R) on September 4, 2019
To repeal the Dec. 31, 2019 termination date (sunset) on a particular corporate subsidy program ("Good Jobs for Michigan"), and eliminate existing caps on the size of state taxpayer subsidies it can give to certain companies. The subsidies are generally cash disbursements, and were originally proposed to lure a company called Foxconn claiming it would make iPhones in Michigan. When the company instead accepted subsidies from Wisconsin, the proposal was changed to give subsidies to other companies and d by officials.   Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on September 4, 2019
Reported in the Senate on October 29, 2019
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.