2008 Senate Bill 1567

Authorize tax break for certain projects

Introduced in the Senate

Nov. 5, 2008

Introduced by Sen. John Pappageorge (R-13)

To require the Michigan Economic Growth Authority (MEGA) to give preference to a "mixed use project" (the "the Pavilions of Troy" project) when issuing business tax credits for brownfield projects that cost more than $10 million.

Referred to the Committee on Finance

Dec. 4, 2008

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

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

Amendment offered by Sen. Nancy Cassis (R-15)

To require construction on the taregeted project to begin by the end of 2010.

The amendment passed by voice vote

Amendment offered by Sen. Nancy Cassis (R-15)

To limit the assignability of the proposed tax credit to another person.

The amendment passed by voice vote

Passed in the Senate 22 to 13 (details)

Received in the House

Dec. 4, 2008

Referred to the Committee on Commerce

Dec. 9, 2008

Reported without amendment

Without amendment and with the recommendation that the bill pass.