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Economic Development

2005 Senate Bill 533 / Public Act 215

Borrow $1 billion for “competitive edge technology” spending

Introduced by Sen. Valde Garcia (R-22) on May 24, 2005
Passed 31 to 7 in the Senate on June 9, 2005
Passed 100 to 1 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 92 to 13 in the House on Nov. 10, 2005
Passed 35 to 3 in the Senate on Nov. 10, 2005
Signed by Gov. Jennifer Granholm on Nov. 21, 2005

2005 Senate Bill 359 / Public Act 213

Authorize "Michigan Life Science Pipeline" business subsidies

Introduced by Sen. Valde Garcia (R-22) on March 24, 2005
Passed 37 to 0 in the Senate on May 12, 2005
Passed 103 to 1 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 104 to 1 in the House on Nov. 10, 2005
Signed by Gov. Jennifer Granholm on Nov. 21, 2005

2005 House Bill 5215 / Public Act 233

Revise “early stage venture capital investment” tax breaks

Introduced by Rep. Dave Hildenbrand (R-86) on Sept. 22, 2005
Passed 104 to 0 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 104 to 0 in the House on Nov. 10, 2005
Signed by Gov. Jennifer Granholm on Nov. 21, 2005

2005 House Bill 5047 / Public Act 225

Create "21st Century Jobs Fund"

Introduced by Rep. Bill Huizenga (R-90) on July 6, 2005
Passed 103 to 1 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 92 to 13 in the House on Nov. 10, 2005
Passed 35 to 3 in the Senate on Nov. 10, 2005
Signed with line-item veto by Gov. Jennifer Granholm on Nov. 21, 2005

2005 Senate Bill 521 / Public Act 214

Tax break for “seed capital” investments

Introduced by Sen. Mike Bishop (R-12) on May 19, 2005
Passed 35 to 3 in the Senate on May 25, 2005
Passed 104 to 0 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 106 to 0 in the House on Nov. 10, 2005
Signed by Gov. Jennifer Granholm on Nov. 21, 2005

2005 House Bill 5216 / Public Act 234

Revise “early stage venture capital investment” tax breaks

Introduced by Rep. David Law (R-39) on Sept. 22, 2005
Passed 104 to 0 in the House on Sept. 28, 2005
Passed 34 to 4 in the Senate on Oct. 19, 2005
Passed 104 to 0 in the House on Nov. 10, 2005
Signed by Gov. Jennifer Granholm on Nov. 21, 2005

2005 Senate Bill 525 / Public Act 102

Revise “early stage venture capital investment corporation” detail

Introduced by Sen. Mike Bishop (R-12) on May 19, 2005
Passed 38 to 0 in the Senate on May 25, 2005
Passed 102 to 4 in the House on June 29, 2005
Passed 35 to 0 in the Senate on June 30, 2005
Signed by Gov. Jennifer Granholm on July 21, 2005

2005 Senate Bill 482 / Public Act 101

Expand use of brownfield authority revenue

Introduced by Sen. Jason Allen (R-37) on May 10, 2005
Passed 36 to 0 in the Senate on June 9, 2005
Passed 107 to 0 in the House on June 29, 2005
Passed 36 to 0 in the Senate on June 30, 2005
Signed by Gov. Jennifer Granholm on July 21, 2005

2004 House Bill 6113

Authorize “microenterprise business” government subsidies

Introduced by Rep. Chris Kolb (D-53) on Aug. 4, 2004

2003 Senate Bill 824 / 2004 Public Act 81

Extend MEGA corporate subsidy program

Introduced by Sen. Jason Allen (R-37) on Nov. 4, 2003
Passed 38 to 0 in the Senate on Nov. 12, 2003
Passed 106 to 0 in the House on Feb. 24, 2004
Passed 36 to 0 in the Senate on March 31, 2004
Passed 38 to 0 in the Senate on April 1, 2004
Passed 105 to 0 in the House on April 1, 2004
Signed by Gov. Jennifer Granholm on April 27, 2004

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