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2013 House Bill 4482: Convert 21st Century Jobs Fund from rule-based to discretionary corporate subsidies

Public Act 454 of 2014

Introduced by Rep. Frank Foster (R) on March 20, 2013 To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “21st Century Jobs Fund.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert state “economic development” activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board.   Official Text and Analysis.
Referred to the House Commerce Committee on March 20, 2013
Reported in the House on December 4, 2013 With the recommendation that the substitute (H-5) be adopted and that the bill then pass.
Passed 77 to 30 in the House on November 13, 2014 To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “21st Century Jobs Fund.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert these activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board. The bill also expand this agency's authority over "brownfield" and "historic district" tax breaks and subsidies, and job training subsidies for particular firms.
Received in the Senate on December 2, 2014
Referred to the Senate Economic Development Committee on December 2, 2014
Reported in the Senate on December 4, 2014 With the recommendation that the bill pass.
Passed 28 to 9 in the Senate on December 17, 2014 (same description)
To consolidate within the Michigan Strategic Fund agency the decision-making powers currently vested in various other government “economic development” and job training programs created over the years, including the “21st Century Jobs Fund.” In general the bill amends the law creating this agency to reflect proposals in Senate Bills 269 to 272, SB 278, House Bill 4481 and others that together convert these activities from rule-based programs to ones in which subsidies, loans and tax breaks are granted at the discretion of political appointees on the Michigan Strategic Fund board. The bill also expand this agency's authority over "brownfield" and "historic district" tax breaks and subsidies, and job training subsidies for particular firms.
Signed by Gov. Rick Snyder on December 27, 2014

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