Introduced
by
To require the state to reimburse a local development tax increment financing authority for a reduction of “captured” school tax revenue due to various business personal property tax credits created under the new Michigan Business Tax.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
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 require the general fund to reimburse the school aid fund for revenue foregone because of certain tax increment financing "captures".
The amendment passed by voice vote
Passed in the House 106 to 0 (details)
Referred to the Committee on Commerce and Tourism
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
Passed in the Senate 38 to 0 (details)
To require the state to reimburse a local development tax increment financing authority for a reduction of “captured” school tax revenue due to various business personal property tax credits created under the new Michigan Business Tax.
Passed in the House 104 to 0 (details)
To concur with the Senate-passed version of the bill.
