Introduced
by
To prohibit state “economic development” officials from amending or modifying a corporate tax break and subsidy deal granted to certain businesses and developers under a Michigan Economic Growth Authority law repealed in 2011. The bill was introduced after it was revealed that these agreements have generated an unfunded liability of nearly $10 billion for the state, and that officials continue to amend the deals in ways that may increase this.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered
by
To specify the types of subsidy agreement changes that would be prohibited, and require economic development officials to notify the legislature before granting any changes.
The amendment failed by voice vote
Amendment offered
by
To waive the proposed prohibitions on a subsidy deal revision if the House and Senate appropriations committees voted to approve it.
The amendment failed by voice vote
Passed in the House 105 to 5 (details)
Referred to the Committee on Government Operations
