Introduced
by
To revise the definition of a firm eligible for the “Tool and Die Renaissance Recovery Zone” tax breaks authorized by <a href="http://www.michiganvotes.org/2003-HB-5243">Public Act 202 of 2004</a>, so as to increase from 25 to 30 the number of such “zones” authorized (these zones are actually particular firms or groups of firms, rather than real “zones”).
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 does not expand "tool and tie" tax breaks, but makes other changes in the renaissance zone law.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To allow the Michigan Strategic Fund to choose a beginning date of January 1 for a renaissance zone designation, up to five years after the designation of certain renaissance zones. Also, to extend to all tax years a provision allowing a business to not be disqualified for renaissance zone tax breaks because it failed to file a Single Business Tax return, as long as the business had no SBT liability. Under current law this provision only applies for the 2006 tax year.
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
To allow the Michigan Strategic Fund to choose a beginning date of January 1 for a renaissance zone designation, up to five years after the designation of certain renaissance zones. Also, to extend to all tax years a provision allowing a business to not be disqualified for renaissance zone tax breaks because it failed to file a Single Business Tax return, as long as the business had no SBT liability. Under current law this provision only applies for the 2006 tax year.
