Introduced
by
To expand from four to five the number of $100 million subsidies to electric car battery makers, originally authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>. The subsidies are in the form of "refundable" Michigan Business Tax credits for capital investments agreements, with “refundable” meaning the state will send check for the amount the credit exceeds the subsidy beneficiary's tax liability.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
With the recommendation that the substitute (H-2) 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 House 88 to 12 (details)
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that authorizes a total of up to $120 million in subsidies for three electric car battery makers, and establishes eligibility criteria and production benchmarks for these. The maximum subsidy for any one of the firms would be $78 million.
The substitute passed by voice vote
Passed in the Senate 32 to 3 (details)
To authorize a total of up to $120 million in subsidies for three electric car battery makers, Ford, GM and a German company called "Fortu." The maximum subsidy for any one of the firms would be $78 million, with the amount determined by certain specified production and investment benchmarks.
Passed in the House 96 to 6 (details)
