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Legislation watch
2015 House Bill 4226: Expand technology business subsidies
Public Act 125 of 2015
Introduced by Rep. Daniela Garcia R-Holland on February 24, 2015
To increase from three to nine the number of areas in which “certified technology parks” (previously dubbed "smart zones") are allowed to expand by creating a "satellite" zone. These entities use “tax increment financing” to provide infrastructure or other subsidies to technology-based businesses. Like the better-known Downtown Development Authorities, they collect the extra local property tax revenue that (hopefully) results from property value increases generated by their selective subsidies and projects. Official Text and Analysis.
Referred to the House Commerce and Trade Committee on February 24, 2015
Reported in the House on May 12, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on June 4, 2015
Referred to the Senate Economic Development and International Investment Committee on June 4, 2015
Reported in the Senate on June 16, 2015
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on July 15, 2015