Introduced by Sen. Kenneth Horn R-Frankenmuth on September 30, 2021
To revise a "brownfields" law used to give subsidies to particular developers by stripping-out provisions requiring that the transfer of state revenue to a developer “result in an overall positive fiscal impact to this state.” The bill would authorize subsidies of up to $10 million to each beneficiary, which recipients could collect by essentially getting a portion of employees' or residents’ income tax. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on September 30, 2021
Reported in the Senate on November 3, 2021
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.