2015 House Bill 4226 / Public Act 125

Expand technology business subsidies

Introduced in the House

Feb. 24, 2015

Introduced by Rep. Daniela Garcia (R-90)

To increase from three to nine the number of areas in which “certified technology parks” (previously dubbed "smart zones") are allowed to expand by creating a "satellite" zone. These entities use “tax increment financing” to provide infrastructure or other subsidies to technology-based businesses. Like the better-known Downtown Development Authorities, they collect the extra local property tax revenue that (hopefully) results from property value increases generated by their selective subsidies and projects.

Referred to the Committee on Commerce and Trade

May 12, 2015

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

June 3, 2015

Passed in the House 79 to 30 (details)

Received in the Senate

June 4, 2015

Referred to the Committee on Economic Development and International Investment

June 16, 2015

Reported without amendment

With the recommendation that the bill pass.

June 18, 2015

Passed in the Senate 33 to 4 (details)

To increase from three to nine the number of areas in which “certified technology parks” (previously dubbed "smart zones") are allowed to expand by creating a "satellite" zone. These entities use “tax increment financing” to provide infrastructure or other subsidies to technology-based businesses. Like the better-known Downtown Development Authorities, they collect the extra local property tax revenue that (hopefully) results from property value increases generated by their selective subsidies and projects.

Signed by Gov. Rick Snyder

July 15, 2015