Introduced
by
To authorize a personal property tax exemption for electric power generating facilities which are replacements or upgrades of existing facilities and which reduce air pollution emissions.
Referred to the Committee on Energy and Technology
Substitute offered
To use the bill as a legislative "vehicle" to authorize personal property tax abatements on new property belonging to the Pfizer/Pharmacia Corporation. This is in response to concerns that with the proposed purchase by Pfizer of the Pharmacia Corporation, some 8,500 Pharmacia jobs in Michigan might be eliminated or moved to other areas. This provision of the bill is drafted in such a way as to only apply to this company.
The substitute passed by voice vote
