Introduced
by
To extend the Dec. 31, 2003 sunset of the Michigan Economic Growth Authority (MEGA) until Dec. 31, 2009. MEGA is authorized to grant tax credits to companies that promise (but are not required to guarantee) to create or retain a certain number of jobs. The bill would add a provision requiring a Department of Treasury audit of whether the promised new jobs have been delivered.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To eliminate a provision requiring the Department of Treasury to audit whether the new jobs promised by a MEGA beneficiary have been delivered, and instead require the beneficiary to provide an independent audit with the information. The amendment was recommended by the "Committee of the Whole," not a particular Senator.
The amendment passed by voice vote
Substitute offered
by
To replace the previous version of the bill with one which eliminates a provision requiring the Department of Treasury to audit whether the new jobs promised by a MEGA beneficiary have been delivered. See the committee amendment, which did something similar. The substitute also clarifies a provision of the departmental reorganization required by the creation of a state Department of Labor and Economic Growth under Executive Order No. 2003-18.
The substitute failed by voice vote
Passed in the Senate 38 to 0 (details)
To extend the Dec. 31, 2003 sunset of the Michigan Economic Growth Authority (MEGA) until Dec. 31, 2009. MEGA is authorized to grant tax credits to companies that promise (but are not required to guarantee) to create or retain a certain number of jobs. The bill would add a provision requiring a MEGA beneficiary firm to provide an independent audit each year showing whether the new jobs it promised have been delivered.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
by
To replace the previous version of the bill with one that would revise a prohibition on Single Business Tax credits for sports stadium projects, so as to allow the Detroit Lions owner to claim a credit on a new hotel and restaurant that would be built adjacent to his Ford Field stadium in Detroit.
The substitute passed by voice vote
Passed in the House 86 to 21 (details)
To revise a prohibition on Single Business Tax credits for sports stadium projects, so as to allow the Detroit Lions owner to claim a credit on a new hotel and restaurant that would be built adjacent to his Ford Field stadium in Detroit.
Referred to the Committee on Commerce and Labor
