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2012 House Bill 5246: Expand corporate research subsidies

Public Act 290 of 2012

  1. Introduced by Rep. Wayne Schmidt (R) on January 17, 2012, to authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
    • Referred to the House Commerce Committee on January 17, 2012.
      • Reported in the House on May 24, 2012, with the recommendation that the substitute (H-2) be adopted and that the bill then pass.
    • Substitute offered in the House on June 7, 2012. The substitute passed by voice vote in the House on June 7, 2012.
    • Amendment offered by Rep. Mike Shirkey (R) on June 7, 2012, to require the foregone local government and school taxes "captured" by these "smart zones" to be reimbursed out of the budget of the Michigan Strategic fund. The amendment passed by voice vote in the House on June 7, 2012.
  2. Passed 87 to 20 in the House on June 7, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on June 12, 2012.
    • Referred to the Senate Economic Development Committee on June 12, 2012.
      • Reported in the Senate on June 14, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
    • Substitute offered in the Senate on June 14, 2012. The substitute passed by voice vote in the Senate on June 14, 2012.
  4. Passed 28 to 8 in the Senate on June 14, 2012, to authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on June 14, 2012.
    • Amendment offered by Rep. Mike Shirkey (R) on July 18, 2012, to establish as the "intent of the legislature" than these will be the last of this particular type of subsidy. Note: The provision is not binding. The amendment passed by voice vote in the House on July 18, 2012.
  6. Passed 86 to 23 in the House on July 18, 2012, to concur with the Senate-passed version of the bill, with one amendment.
    Who Voted "Yes" and Who Voted "No"

  7. Received in the Senate on July 18, 2012.
  8. Passed 26 to 10 in the Senate on July 18, 2012, to concur with the House-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  9. Signed by Gov. Rick Snyder on August 1, 2012.

Comments

Re: 2012 House Bill 5246 (Expand “certified technology park” subsidies )  by isabelleelise on May 6, 2012 

"Smart zones"?  Seems more like another tax scheme and government manipulation of the private sector.   Again, just make Michigan a good place for business.... businesses will come.  Stop with the state central planning and market manipulation.  It's such an abuse of power and actually hurts Michigan b/c central planning never works and just ends up costing/wasting  taxpayers huge $$ in the end.  Not to mention lost opportunity for real free market innovation and job creation.



2012 House Bill 5246 (Expand “certified technology park” subsidies )  by admin on May 6, 2012 
Introduced in the House on January 17, 2012

Click here to view bill details.