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2012 Senate Bill 1065: Cut tax imposed on business tools and equipment

Public Act 397 of 2012

Introduced by Sen. Jack Brandenburg (R) on April 17, 2012
To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut or eliminate the property tax businesses currently pay on their tools and equipment (called the “personal property tax”).   Official Text and Analysis.
Referred to the Senate Finance Committee on April 17, 2012
Reported in the Senate on May 2, 2012
With the recommendation that the bill pass.
Amendment offered by Sen. Gretchen Whitmer (D) on May 10, 2012
To tie-bar the bill to House Bill 5527, meaning this bill cannot become law unless that one does also. HB 5527 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the Senate on May 10, 2012
Amendment offered by Sen. Dave Hildenbrand (R) on May 10, 2012
To suspend the proposed personal property tax cuts on business tools and equipment if the legislature fails to appropriate the reimbursements of foregone revenue to local governments as proposed by Senate Bill 1072.
The amendment passed by voice vote in the Senate on May 10, 2012
Received in the House on May 10, 2012
Referred to the House Tax Policy Committee on May 10, 2012
Reported in the House on December 5, 2012
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on December 13, 2012
The substitute passed by voice vote in the House on December 13, 2012
Amendment offered by Rep. Phil Cavanagh (D) on December 13, 2012
To reimpose the tool and equipment tax on industrial plants if the legislature fails to appropriate replacement revenue to local governments.
The amendment failed by voice vote in the House on December 13, 2012
Amendment offered by Rep. Vicki Barnett (D) on December 13, 2012
The amendment failed by voice vote in the House on December 13, 2012
Amendment offered by Rep. Jeff Farrington (R) on December 13, 2012
The amendment passed by voice vote in the House on December 13, 2012
Amendment offered by Rep. Jud Gilbert (R) on December 13, 2012
To clarify that once the tool and and equipment tax on industrial plants is eliminated then no new local abatements of this tax would be authorized (or needed).
The amendment passed by voice vote in the House on December 13, 2012
Received in the Senate on December 14, 2012
Passed 25 to 13 in the Senate on December 14, 2012.
    See Who Voted "Yes" and Who Voted "No".
To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on December 20, 2012

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