Introduced
by
To lower the job retention eligibility criteria for a Single Business Tax (SBT) break under the Michigan Economic Growth Authority (MEGA) program so as to still give a tax break to a particular firm (Federal Mogul) that originally had been granted this after promising to keep at least 150 jobs at a particular facility and 1,000 jobs in the state, but will not meet those particular targets. The new thresholds the bill would place in statute is 100 jobs at the particular facility and 750 jobs in the state. The bill would also broaden the definition of “high technology” activities qualifying a firm for one of these targeted tax breaks.
Referred to the Committee on Commerce and Tourism
