Introduced
by
To authorize a Michigan Business Tax credit based on an insurance company’s use of a federal “new markets tax credit,” which is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was subsequently superseded by another substitute with more changes.
The substitute failed by voice vote
Substitute offered
by
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
Passed in the House 103 to 6 (details)
Referred to the Committee on Finance
