Introduced
by
To lower certain capital investment and facility size thresholds that qualify a company for Michigan Economic Growth Authority (MEGA) tax credits. These credits allow some firms selected by the government to pay less business taxes than firms that have not been selected. Many similar bills over the years have lowered these eligibility thresholds, or redefined them in such a way as to qualify a particular company for a credit. This particular revision is aimed at the Michigan Packaging company in Mason.
Referred to the Committee on Economic Development, Small Business, and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To lower certain capital investment and facility size thresholds that qualify a company for Michigan Economic Growth Authority (MEGA) tax credits. These credits allow some firms selected by the government to pay less business taxes than firms that have not been selected. Many similar bills over the years have lowered these eligibility thresholds, or redefined them in such a way as to qualify a particular company for a credit. This particular revision is aimed at the Michigan Packaging company in Mason.
Substitute offered
by
To replace the previous version of the bill with one that also revised the population threshold for a county that establishes tax break eligibility for a "rural business".
The substitute passed by voice vote
Passed in the House 103 to 1 (details)
Passed in the Senate 36 to 0 (details)
To concur with the House-passed version of the bill.
