Introduced
by
To authorize tax subsidies from the Michigan Economic Growth Authority (MEGA) for 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 employees in the Kalamazoo and Ann Arbor areas might be reduced or moved to other states. The bill is drafted in such a way as to only apply to this company. Specifically, it would make the company eligible for a single business tax credit if it expanded operations or located a facility in the state that created just five qualified new jobs.
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 102 to 4 (details)
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To remove the requirement that the director of the Department of Management and Budget serve as a member of the board of the Michigan Economic Growth Authority (MEGA), and instead require that the chief executive officer of the Michigan Economic Development Corporation (MEDC) be a member of the board.
The amendment passed by voice vote
Passed in the Senate 36 to 0 (details)
To authorize tax subsidies from the Michigan Economic Growth Authority (MEGA) for 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 employees in the Kalamazoo and Ann Arbor areas might be reduced or moved to other states. The bill is drafted in such a way as to only apply to this company. Specifically, it would make the company eligible for a single business tax credit if it expanded operations or located a facility in the state that created just five qualified new jobs.
