Introduced
by
To exempt real property owned by a business in a an “innovations center” located in a certified technology park (smart zone) from property tax. These "smart parks" use new tax revenues generated in a designated area to finance improvements to public or private property intended to attract certain types of businesses.
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.
Substitute offered
To replace the previous version of the bill with one with language targeting this particular tax break at the Southwest Michigan Innovation Center, which was established to provide opportunities for displaced workers from the Pfizer drug company, and at any similar facilities in the future.
The substitute passed by voice vote
Passed in the House 99 to 4 (details)
To exempt real property owned by a business in a an “innovations center” located in a certified technology park (smart zone) from property tax. These "smart parks" use new tax revenues generated in a designated area to finance improvements to public or private property intended to attract certain types of businesses. The bill is targeted at the Southwest Michigan Innovation Center, which was established to provide opportunities for displaced workers from the Pfizer drug company, and any similar future facilities.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Amendment offered
by
To clarify that the property that would be exempt under the bill is that of the "Innovation Center" itself, which leases space to businesses.
The amendment passed by voice vote
Passed in the Senate 35 to 0 (details)
To exempt real property in a an “innovations center” located in a certified technology park (smart zone) from property tax. These "smart parks" use new tax revenues generated in a designated area to finance improvements to public or private property intended to attract certain types of businesses. The bill is targeted at the Southwest Michigan Innovation Center, which was established to provide opportunities for displaced workers from the Pfizer drug company, and any similar future facilities.
Passed in the House 102 to 2 (details)
To concur with the Senate-passed version of the bill.
