2006 House Bill 6070 / Public Act 224

Make brownfield tax credits saleable

Introduced in the House

May 17, 2006

Introduced by Rep. Bill Huizenga (R-90)

To allow brownfield Single Business Tax credits to be "assigned" or sold to another taxpayer. Such tax credits are allowed for certain expenses incurred for the assessment and remediation of qualified Brownfield properties.

Referred to the Committee on Commerce

May 30, 2006

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Passed in the House 102 to 0 (details)

Motion by Rep. Chris Ward (R-66)

To give the bill immediate effect.

The motion passed 102 to 0 (details)

Received in the Senate

May 31, 2006

Referred to the Committee on Economic Development, Small Business, and Regulatory Reform

June 6, 2006

Reported without amendment

With the recommendation that the bill pass.

June 8, 2006

Passed in the Senate 36 to 0 (details)

To allow brownfield Single Business Tax credits to be "assigned" or sold to another taxpayer. Such tax credits are allowed for certain expenses incurred for the assessment and remediation of qualified Brownfield properties.

Signed by Gov. Jennifer Granholm

June 24, 2006