Checkmark
Legislation watch
     

Search all years.

2017 Senate Bill 242: Transfer state revenue to certain business owners

Public Act 109 of 2017

Introduced by Sen. Jim Stamas R-Midland on March 15, 2017
To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies for up to 10 years based on the amount of state income tax paid by their employees. See also Senate Bills 111 to 115, 243 and 244.   Official Text and Analysis.
Referred to the Senate Economic Development and International Investment Committee on March 15, 2017
Reported in the Senate on March 28, 2017
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on March 29, 2017
Referred to the House Tax Policy Committee on March 29, 2017
Reported in the House on June 20, 2017
Amendment offered in the House on July 12, 2017
To cap the proposed payouts to corporations at $200 million, and revise details of the payout formula and process for granting sudsidies to a particular firm.
The amendment passed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To use a wage formula in calculating the proposed subsidies that excludes the highest and lowest paid employees.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To tie-bar the bill to House Bill 4550, meaning this bill cannot become law unless that one does also. HB 4550 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To tie-bar the bill to House Bill 4645, meaning this bill cannot become law unless that one does also. HB 4645 would end the practice of allowing the state agency in charge of selectively granting favors to certain businesses to automatically collect revenue paid to the state through Indian casino gaming compacts and other "off budget" sources.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Jim Runestad R-White Lake on July 12, 2017
To require more detailed online reporting of state business subsidies. This is intended to close a loophole by which the state business subsidy granting agency asserts that cash payments to corporations that are styled as "refundable tax credits" are subject to the same tax return confidentiality provisions that apply to regular individual or business tax payers.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Steven Johnson R- Wayland on July 12, 2017
To require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To end the practice of allowing the state agency in charge of selectively granting favors to certain businesses to automatically collect revenue paid to the state through Indian casino gaming compacts and other "off budget" sources.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. John Reilly R-Oakland on July 12, 2017
To require the state business subsidy granting agency to disclose the names of the corporations and developers who are getting nearly $10 billion in cash payments over 20 years under "MEGA" program subsidies mainly granted in 2009 and 2010. Also, to disclose how much each company is getting. Reportedly around half of the money is being collected by the Big Three automakers.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak R- Troy on July 12, 2017
To strip out the subsidy-granting provisions of the bill.
The amendment failed by voice vote in the House on July 12, 2017
To authorize giving up to $200 million of state revenue to certain business owners, in particular a Chinese company involved in iPhone manufacture. Owners of selected firms would get cash subsidies for up to 10 years equal to half or all of the income tax paid by their employees.
Received in the Senate on July 12, 2017
To concur with the House-passed version of the subsidy package, which includes a provision intended to cap the payouts at $200 million.
Signed by Gov. Rick Snyder on July 26, 2017