2008 House Bill 5893 / Public Act 168

Authorize certain housing project tax breaks

Introduced in the House

March 13, 2008

Introduced by Rep. Steve Tobocman (D-12)

To authorize a Michigan Business Tax deduction for the gains to firms participating in certain state-subsidized low income housing ventures.

Referred to the Committee on Tax Policy

April 16, 2008

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

April 30, 2008

Substitute offered

To replace the previous version of the bill with one that reduces the proposed tax break by revising the details of a proposed gross receipts tax base deduction.

The substitute passed by voice vote

Passed in the House 107 to 0 (details)

Received in the Senate

May 1, 2008

Referred to the Committee on Finance

June 27, 2008

Passed in the Senate 37 to 0 (details)

To authorize a Michigan Business Tax deduction for the gains to firms participating in certain state-subsidized low income housing ventures.

Signed by Gov. Jennifer Granholm

June 30, 2008