Introduced
by
To cap the amount of state tax dollars that can be claimed by a relative handful of large corporations including the Big Three automakers under subsidy deals approved in the late 2000s under the since-suspended Michigan Economic Growth Authority program. The bill would limit the hand-outs to $200 million in the fiscal year that begins Oct. 1, 2019, and $100 million in the following year. Up to $9 billion in subsidies payable over 20 years were authorized under this government economic development program.
Referred to the Committee on Finance
