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2014 Senate Bill 786: Give tax breaks to aquaculture and hydroponics

Public Act 511 of 2014

Introduced by Sen. Bruce Caswell (R) on February 13, 2014 To exempt aquaculture and hydroponics production facilities from property taxes. Senate Bill 787 would instead impose a new “specific” tax equal to 25 percent of the regular property tax.   Official Text and Analysis.
Referred to the Senate Finance Committee on February 13, 2014
Reported in the Senate on March 13, 2014 With the recommendation that the bill pass.
Passed 36 to 1 in the Senate on March 26, 2014 (same description)
To exempt aquaculture and hydroponics production facilities from property taxes. Senate Bill 787 would instead impose a new “specific” tax equal to 25 percent of the regular property tax.
Received in the House on March 26, 2014
Referred to the House Tax Policy Committee on March 26, 2014
Reported in the House on November 12, 2014 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered by Rep. Robert Genetski (R) on December 18, 2014 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 in the House on December 18, 2014
Passed 94 to 16 in the House on December 19, 2014 (same description)
To exempt aquaculture and hydroponics production facilities from property taxes. Senate Bill 787 would instead impose a new “specific” tax equal to 25 percent of the regular property tax.
Received in the Senate on December 19, 2014
Passed 37 to 1 in the Senate on December 19, 2014
Signed by Gov. Rick Snyder on January 10, 2015

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