2009 Senate Bill 319

House Roll Call 84: Passed

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>. That law authorized additional credits for research and development expenses, with total subsidies estimated at $335 million over seven years. This bill would authorize an additional $200 million in subsidies. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.

104 Yeas / 4 Nays
Democrat (65 Yeas / 0 Nays)
Republican (39 Yeas / 4 Nays)
Excused or Not Voting (2)