Introduced by Sen. Tony Stamas (R) on August 27, 2009 To give a four-year, $100 million subsidy to a joint venture of the "Xtreme Power" and "Clairvoyant Energy" corporations, which would make “large scale power systems designed to convert variable renewable power into firm dispatchable power” at the fomer Ford Wixom assembly plant. The subsidy is structured as a "refundable" tax credit, meaning the state will send the company a check for the amount that the credit exceeds its tax liability. Official Text and Analysis.
Referred to the Senate Commerce & Tourism Committee on August 27, 2009
Reported in the Senate on September 10, 2009 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on September 10, 2009
The substitute passed by voice vote in the Senate on September 10, 2009