2008 Senate Bill 1519

Repeal refundability of “anchor company” targeted tax breaks

Introduced in the Senate

Sept. 18, 2008

Introduced by Sen. Nancy Cassis (R-15)

To remove the refundability provision of the “anchor company” tax breaks authorized by <a href="http://www.michiganvotes.org/2008-SB-1115">Senate Bill 1115</a> and <a href="http://www.michiganvotes.org/2008-HB-5858">House Bill 5858</a>. “Refundable” tax credit means that if the credit exceeds the recipient’s tax liability, the state sends the company a check for the difference.

Referred to the Committee on Finance