2016 House Bill 5720 / Public Act 426

Revise farmland preservation tax credit detail

Introduced in the House

June 2, 2016

Introduced by Rep. Al Pscholka (R-79)

To permit the owner of property on which farmland preservation tax credits had been granted to a previous owner who has died to claim the tax credits against the repealed Michigan Business Tax. This tax remains on the books as a means of distributing some $9 billion worth of “refundable” tax credits granted to particular businesses including the Big Three automakers by the previous administration.

Referred to the Committee on Tax Policy

Sept. 14, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Nov. 30, 2016

Passed in the House 104 to 2 (details)

Received in the Senate

Dec. 1, 2016

Referred to the Committee on Finance

Dec. 7, 2016

Reported without amendment

With the recommendation that the bill pass.

Dec. 14, 2016

Passed in the Senate 37 to 0 (details)

To permit the owner of property on which farmland preservation tax credits had been granted to a previous owner who has died to claim the tax credits against the repealed Michigan Business Tax. This tax remains on the books as a means of distributing some $9 billion worth of “refundable” tax credits granted to particular businesses including the Big Three automakers by the previous administration.

Signed by Gov. Rick Snyder

Dec. 31, 2016