2011 House Bill 4395

Require “clawbacks” in selective tax break and subsidy deals

Introduced in the House

March 8, 2011

Introduced by Rep. Jim Ananich (D-49)

To require Michigan Economic Growth Authority (MEGA) and related selective state business tax break and corporate subsidy agreements to include a 100 percent “clawback” provision, which requires a company to pay back all the tax breaks or cash subsidies if it leaves the state during the period of the agreement.

Referred to the Committee on Tax Policy