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2016 Senate Bill 1163: Give multi-million dollar subsidy to AK Steel owners
Introduced by Sen. Jack Brandenburg (R) on November 10, 2016 To revise a state business subsidy program in a manner that would allow the current owner of the former River Rouge steel plant (AK Steel) to collect refundable tax credits (which are often paid as cash subsidies). According to the House Fiscal Agency this could result in the state giving tens of millions for the company's owners. See also House Bills 5557 and 5558.   Official Text and Analysis.
Referred to the Senate Finance Committee on November 10, 2016
Reported in the Senate on November 30, 2016 With the recommendation that the bill pass.
Amendment offered by Sen. Rebekah Warren (D) on December 8, 2016 To require the recipient of the subsidies to attest that it has no unresolved federal regulatory issues.
The amendment failed 12 to 25 in the Senate on December 8, 2016.
    See Who Voted "Yes" and Who Voted "No".
Amendment offered by Sen. Jim Stamas (R) on December 8, 2016 To clarify procedural details.
The amendment passed by voice vote in the Senate on December 8, 2016
Passed 30 to 7 in the Senate on December 8, 2016.
    See Who Voted "Yes" and Who Voted "No".
To revise a state business subsidy program in a manner that would allow the current owner of the former River Rouge steel plant (AK Steel) to collect refundable tax credits (which are often paid as cash subsidies). According to the House Fiscal Agency this could result in the state giving tens of millions for the company's owners.
Received in the House on December 8, 2016
Referred to the House Tax Policy Committee on December 8, 2016

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