Introduced
by
To authorize a refundable Single Business Tax (SBT) credit of 10 percent of the first $10,000 that a company with 250 or fewer employees pays for qualified college courses taken by an employee over age 24 with family income of less than $103,000 ($51,000 for a single person), or his or her spouse and dependents. These would not include sports or non-credit courses, or required continued education courses related to the employee’s job.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not apply to educational expenses of the employee's spouse or dependents.
The substitute passed by voice vote
Passed in the Senate 36 to 1 (details)
To authorize a refundable Single Business Tax (SBT) credit of 10 percent of the first $10,000 that a company with 250 or fewer employees pays for qualified college courses taken by an employee over age 24 with family income of less than $103,000 ($51,000 for a single person). These would not include sports or non-credit courses, or required continued education courses related to the employee’s job.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that strikes the Senate-passed provisions and instead uses the bill as a legislative vehicle to revise the language of <a href="http://www.michiganvotes.org/2006-HB-4971">Public Act 323 of 2006</a> law passed six months earlier that would give a Single Business Tax break to a new Hybrid Development Center located in Troy.
The substitute passed by voice vote
Passed in the House 103 to 0 (details)
To revise the language of <a href="http://www.michiganvotes.org/2006-HB-4971">Public Act 323 of 2006</a> law passed six months earlier that would give a Single Business Tax break to a new Hybrid Development Center located in Troy as a joint venture between General Motors, DaimlerChrysler, and BMW. For technical reasons the original language prevented the firms from claiming the tax break.
Passed in the Senate 37 to 1 (details)
To concur with the House-passed version of the bill, which strikes the Senate-passed provisions and instead uses the bill as a legislative vehicle to revise the language of <a href="http://www.michiganvotes.org/2006-HB-4971">Public Act 323 of 2006</a> to give a tax break to a new Hybrid Development Center located in Troy.
