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2009 Senate Bill 358: Expand “certified technology parks” tax breaks

Public Act 161 of 2009

Introduced by Sen. Roger Kahn (R) on March 11, 2009
To authorize the creation of two additional “certified technology parks” ("smart zones") in which “tax increment financing” is used to provide infrastructure or other subsidies to technology-based businesses. These authorities "capture" the extra local property tax revenue that (hopefully) results from property value growth generated by certain improvement projects (or selective business subsidies) the authority undertakes (or grants).   Official Text and Analysis.
Referred to the Senate Economic Development and Regulatory Reform Committee on March 11, 2009
Reported in the Senate on May 7, 2009
With the recommendation that the bill pass.
Received in the House on May 14, 2009
Referred to the House Commerce Committee on May 14, 2009
Reported in the House on November 4, 2009
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on November 12, 2009
To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was subsequently superseded by another substitute with more changes.
The substitute failed by voice vote in the House on November 12, 2009
Substitute offered by Rep. Robert Jones (D) on November 12, 2009
To replace the previous version of the bill with one that divides its provisions between it and HB 5456, which is the House version of the same bill. The substitute revises various details of the original but does not change its substance as previously described.
The substitute passed by voice vote in the House on November 12, 2009
Amendment offered by Rep. Tom McMillin (R) on November 12, 2009
To tie-bar the bill to Senate Bill 945, meaning this bill cannot become law unless that one does also. SB 945 would authorize the creation of local “right to work zones,” where employers to join or financially support a union as a condition of employment.
The amendment failed by voice vote in the House on November 12, 2009
Received in the Senate on December 1, 2009
To concur with the House-passed version of the bill.
Signed by Gov. Jennifer Granholm on December 11, 2009

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