2005 Senate Bill 926 / 2006 Public Act 616

Extend certain tax breaks to leased equipment

Introduced in the Senate

Dec. 7, 2005

Introduced by Sen. Nancy Cassis (R-15)

To extend certain business tool and equipment property tax breaks to leased tools and equipment.

Referred to the Committee on Finance

June 1, 2006

Reported without amendment

With the recommendation that the bill pass.

June 7, 2006

Passed in the Senate 38 to 0 (details)

Received in the House

June 7, 2006

Referred to the Committee on Tax Policy

Sept. 20, 2006

Reported without amendment

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

Dec. 13, 2006

Substitute offered

To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.

The substitute passed by voice vote

Dec. 14, 2006

Passed in the House 104 to 0 (details)

To extend certain business tool and equipment property tax breaks to leased tools and equipment.

Received in the Senate

Dec. 14, 2006

To concur with the House-passed version of the bill.

Passed in the Senate 37 to 0 (details)

Signed by Gov. Jennifer Granholm

Dec. 31, 2006