Introduced
by
To expand the business projects eligible for Michigan Economic Development Authority (MEGA) tax credits to explicitly include projects that involve winning a federal procurement contract offered by the U.S. Departments of Defense, Energy, or Homeland Security. In considering whether to extend these targeted tax breaks to a particular firm the MEGA board would be required to give weight to the number of Michigan jobs such a contract would generate, and the number of out-of-state firms bidding against the Michigan bidders.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-2) 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)
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 102 to 3 (details)
To expand the business projects eligible for Michigan Economic Development Authority (MEGA) tax credits to explicitly include projects that involve winning a federal procurement contract offered by the U.S. Departments of Defense, Energy, or Homeland Security. In considering whether to extend these targeted tax breaks to a particular firm the MEGA board would be required to give weight to the number of Michigan jobs such a contract would generate, and the number of out-of-state firms bidding against the Michigan bidders.
