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Economic Development

2016 Senate Bill 1026

Consolidate “tax increment finance authority” laws

Introduced by Sen. Ken Horn (R-32) on June 8, 2016
Passed 37 to 0 in the Senate on Oct. 18, 2016

2016 House Bill 5652

Revise port authority subsidy detail

Introduced by Rep. Wendell Byrd (D-3) on May 12, 2016
Passed 96 to 11 in the House on Sept. 22, 2016

2015 House Bill 4440 / 2016 Public Act 273

Shift some road tax money from corporate subsidies to road projects

Introduced by Rep. Edward Canfield (R-84) on April 14, 2015
Passed 107 to 3 in the House on April 29, 2015
Passed 35 to 3 in the Senate on May 26, 2015
Passed 88 to 20 in the House on June 9, 2016
Passed 34 to 3 in the Senate on June 9, 2016
Signed by Gov. Rick Snyder on June 29, 2016

2015 Senate Bill 673 / 2016 Public Act 222

Extend tax breaks for local developers program

Introduced by Sen. Ken Horn (R-32) on Dec. 15, 2015
Passed 37 to 0 in the Senate on Feb. 2, 2016
Passed 94 to 14 in the House on June 7, 2016
Signed by Gov. Rick Snyder on June 22, 2016

2016 House Bill 5439 / Public Act 118

Revise renaissance zone tax breaks

Introduced by Rep. Michael Webber (R-45) on March 9, 2016
Passed 97 to 11 in the House on April 14, 2016
Passed 33 to 4 in the Senate on May 10, 2016
Signed by Gov. Rick Snyder on May 17, 2016

2016 House Bill 5527 / Public Act 110

Revise details of tax on business equipment (personal property tax)

Introduced by Rep. Jeff Farrington (R-30) on March 24, 2016
Passed 107 to 1 in the House on April 20, 2016
Passed 36 to 0 in the Senate on April 28, 2016
Signed by Gov. Rick Snyder on May 5, 2016

2015 House Bill 5163 / 2016 Public Act 116

Rearrange government “land bank” activities

Introduced by Rep. Kurt Heise (R-20) on Dec. 16, 2015
Passed 104 to 2 in the House on Feb. 10, 2016
Passed 36 to 0 in the Senate on April 27, 2016
Signed by Gov. Rick Snyder on May 10, 2016

2015 Senate Bill 579

Exempt new library taxes from brownfields “capture”

Introduced by Sen. David Robertson (R-14) on Oct. 27, 2015
Passed 37 to 1 in the Senate on March 16, 2016

2015 Senate Bill 200

Authorize state subsidies to brokers selling certain stock portfolios

Introduced by Sen. Darwin Booher (R-35) on March 12, 2015
Passed 33 to 5 in the Senate on Dec. 10, 2015

2015 Senate Bill 556 / Public Act 218

Extend “commercial rehabilitation” tax break law

Introduced by Sen. Ken Horn (R-32) on Oct. 6, 2015
Passed 38 to 0 in the Senate on Nov. 4, 2015
Passed 87 to 19 in the House on Dec. 2, 2015
Signed by Gov. Rick Snyder on Dec. 15, 2015

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