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Mackinac Center for Public Policy
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2013 Senate Bill 271: Revise corporate and developer subsidy regime
  1. Introduced by Sen. Virgil Smith, Jr. (D) on March 19, 2013, to increase maximum amount of state “community revitalization” grants (formerly “brownfield” and “historic preservation” tax credits) that can be awarded to a particular developer, corporation or other special interest from $1 million to $2.5 million; allow four annual loans of up to $20 million each to particular interests for this purpose; and in general, remove various statutory prescriptions and restrictions on how the political appointees on the Michigan Strategic Fund board may spend state revenues allocated to this program.
    • Referred to the Senate Economic Development Committee on March 19, 2013.
      • Reported in the Senate on March 21, 2013, with the recommendation that the bill pass.
    • Substitute offered in the Senate on June 12, 2013. The substitute passed by voice vote in the Senate on June 12, 2013.
  2. Passed 36 to 2 in the Senate on June 13, 2013, to increase the maximum amount of state “community revitalization” subsidies that can be awarded to a particular developer, corporation or other special interest, from $1 million to $2.5 million. The bill would also eliminate various statutory prescriptions and restrictions on how the political appointees on the Michigan Strategic Fund board may spend state revenues allocated to this subsidy program, and also delete certain disclosure and reporting requirements.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on June 13, 2013.
    • Referred to the House Commerce Committee on June 13, 2013.
      • Reported in the House on December 4, 2013, with the recommendation that the substitute (H-4) be adopted and that the bill then pass.

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