2012 House Bill 5732 / Public Act 475

Revise selective tax break detail

Introduced in the House

June 12, 2012

Introduced by Rep. Jud Gilbert (R-81)

To allow a company or developer with a targeted “historical resource rehabilitation” business tax break to sell all or part of the tax break to one or more other firms.

Referred to the Committee on Tax Policy

Sept. 12, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 4, 2012

Substitute offered by Rep. Jim Stamas (R-98)

The substitute passed by voice vote

Dec. 5, 2012

Passed in the House 88 to 19 (details)

Received in the Senate

Dec. 5, 2012

Referred to the Committee on Finance

Dec. 13, 2012

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 37 to 0 (details)

To allow a company or developer with a targeted “historical resource rehabilitation” business tax break to sell all or part of the tax break to one or more other firms.

Signed by Gov. Rick Snyder

Dec. 22, 2012