2008 Senate Bill 1540

Require tax break “effectiveness” report

Introduced in the Senate

Sept. 24, 2008

Introduced

To require the Department of Treasury to prepare and post on the Internet a list of every tax credit available under the Michigan Business Tax, and to submit to the legislature a report showing the number of taxpayers who claimed each type of credit, including their names and addresses. Also, to require the department to report its assessment of the “effectiveness” of each credit. “Effectiveness” is not defined in the bill.

Referred to the Committee on Finance

Oct. 15, 2008

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Nov. 12, 2008

Substitute offered

The substitute passed by voice vote

Nov. 13, 2008

Passed in the Senate 32 to 4 (details)

Received in the House

Nov. 13, 2008

Referred to the Committee on Tax Policy