2009 Senate Bill 500 / 2010 Public Act 122

Authorize Industrial Plant “Rehabilitation” tax break for existing facility

Introduced in the Senate

April 30, 2009

Introduced by Sen. Tony Stamas (R-36)

To authorize the granting of an Industrial Plant Rehabilitation personal property tax break for a particular “existing facility.” Under current law such tax breaks may be granted to new and speculative buildings, and to replacement facilities.

Referred to the Committee on Economic Development and Regulatory Reform

Oct. 20, 2009

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Oct. 29, 2009

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Nov. 5, 2009

Amendment offered by Sen. Tony Stamas (R-36)

To revise details in the conditions that make the particular entity or property that is the subject of the bill eligible for these tax breaks.

The amendment passed by voice vote

Passed in the Senate 33 to 1 (details)

Received in the House

Nov. 5, 2009

Referred to the Committee on Commerce

June 30, 2010

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

July 1, 2010

Substitute offered

To replace the previous version of the bill with one that adds a provision benefiting a particular business owner in Auburn Hills.

The substitute passed by voice vote

Passed in the House 90 to 16 (details)

To authorize the granting of an Industrial Plant Rehabilitation personal property tax break for a particular “existing facility” in Otsego County. Under current law such tax breaks may be granted to new and speculative buildings, and to replacement facilities. The bill would also change the rules for transferring these tax breaks to a new owner, so as to benefit the owner of an industrial facility in Auburn Hills.

Received in the Senate

July 1, 2010

To concur with the House-passed version of the bill, which added a provision allowing tax breaks for a particular business owner in Auburn Hills.

Passed in the Senate 36 to 1 (details)

Signed by Gov. Jennifer Granholm

July 19, 2010