2011 Senate Bill 748 / Public Act 314

Extend “renaissance zone” income tax breaks

Introduced in the Senate

Oct. 12, 2011

Introduced by Sen. Dave Hildenbrand (R-29)

To extend the state income tax breaks granted to a person who lives in a “renaissance zone” and who has an annual income less than $1 million. Without the bill, these existing tax breaks would be eliminated under a recently-passed business and individual income tax overhaul.

Referred to the Committee on Finance

Nov. 10, 2011

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.

Nov. 11, 2011

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Nov. 29, 2011

Passed in the Senate 36 to 2 (details)

Received in the House

Nov. 29, 2011

Referred to the Committee on Tax Policy

Dec. 14, 2011

Amendment offered by Rep. Holly Hughes (R-91)

To revise details of which bills are in the package making this "fix" to different statutes.

The amendment passed by voice vote

Passed in the House 101 to 6 (details)

To extend the state income tax breaks granted to a person who lives in a “renaissance zone” and who has an annual income less than $1 million. Without the bill, these existing tax breaks would be eliminated under a recently-passed business and individual income tax overhaul.

Received in the Senate

Dec. 15, 2011

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

Passed in the Senate 36 to 2 (details)

Signed by Gov. Rick Snyder

Dec. 27, 2011