Introduced by Rep. Fulton Sheen (R) on September 21, 2005, to authorize Single Business Tax (SBT) credit equal to 130 percent of the costs incurred by a motion picture production company that spends at least $250,000 making a movie in Michigan. The company could sell the amount of the credit that exceeds its tax liability, or could carry that forward to a future tax year.
Referred to the House Tax Policy Committee on September 21, 2005.
Reported in the House on October 26, 2005, with the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Substitute offered in the House on November 8, 2005, 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 in the House on November 8, 2005.