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2012 House Bill 5557: Retroactively exempt a DDA from certain requirements

Public Act 510 of 2012

  1. Introduced by Rep. Margaret O'Brien (R) on April 24, 2012, to retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
    • Referred to the House Tax Policy Committee on April 24, 2012.
      • Reported in the House on June 6, 2012, without amendment and with the recommendation that the bill pass.
  2. Passed 93 to 14 in the House on September 27, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on October 17, 2012.
    • Referred to the Senate Economic Development Committee on October 17, 2012.
      • Reported in the Senate on December 6, 2012, with the recommendation that the bill pass.
  4. Passed 38 to 0 in the Senate on December 13, 2012, to retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
    Who Voted "Yes" and Who Voted "No"

  5. Signed by Gov. Rick Snyder on December 27, 2012.

Comments

Re: 2012 House Bill 5557 (Retroactively exempt a DDA from certain requirements )  by waltduro on May 1, 2012 

 Here we go again with another retroactive law.



2012 House Bill 5557 (Retroactively exempt a DDA from certain requirements )  by admin on May 1, 2012 
Introduced in the House on April 24, 2012

Click here to view bill details.

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