Introduced
by
To allow personal property tax breaks granted to the Delphi Chassis division in Saginaw and Buena Vista Township to be transferred to the buyer of the plant, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the buyer. The bill relates to Delphi Corporation’s sale of this facility as part of its bankruptcy plan.
Referred to the Committee on Tax Policy
Amendment offered
by
To tie-bar the bill to Senate Bill 276, meaning this bill cannot become law unless that one does also. SB 276 is essentially the same bill; the provisions of it were just separated into two bills.
The amendment passed by voice vote
Passed in the House 107 to 0 (details)
Referred to the Committee on Finance
Passed in the Senate 37 to 0 (details)
To allow personal property tax breaks granted to the Delphi Chassis division in Saginaw and Buena Vista Township to be transferred to the buyer of the plant, and extend the tax breaks to any new personal property (business tools and equipment) acquired by the buyer. The bill relates to Delphi Corporation’s sale of this facility as part of its bankruptcy plan.
