2009 House Bill 4515 / Public Act 5

Increase electric car subsidies

Introduced in the House

March 4, 2009

Introduced by Rep. Dian Slavens (D-21)

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.

Referred to the Committee on Tax Policy

March 5, 2009

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 10, 2009

Passed in the House 105 to 4 (details)

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability. See also Senate Bill 319.

Received in the Senate

March 11, 2009

Referred to the Committee on Commerce and Tourism

March 26, 2009

Reported without amendment

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

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

Passed in the Senate 37 to 0 (details)

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a 2008 law, and increase from $70 million to $90 million total credits for “battery integration, prototyping, and launch” expenses. The 2008 law authorized various subsidies estimated at $335 million over seven years. This bill would add an additional $220 million to that. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability. See also Senate Bill 319.

Received in the House

March 26, 2009

Passed in the House 105 to 4 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Jennifer Granholm

April 6, 2009