Introduced
by
To lower from $100,000 to $25,000 the size of an initial investment in an "advanced automotive, manufacturing, and materials technology" business subsidized through an income tax credit under a provision of a “<a href="http://www.michiganvotes.org/2005-SB-521">community-based seed capital fund</a>” related to the “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” business subsidy program.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To extend to all state businesses the tax breaks this law authorizes for firms selected by state economic development officials. Note: Although passed, the amendment was not included in a subsequent substitute version of the bill that was adopted.
The amendment passed 77 to 30 (details)
Substitute offered
by
To adopt a substitute version of the bill that also authorizes these tax breaks for selected computer software firms, and which does not include the provisions of the McMillin amendment. Note: Voting on this substitute after the McMillin amendment, rather than before it, is similar to a technigue sometimes used by the majority to allow their members to go on the record voting "yes" on a popular amendment, but then negate the effect of that roll call vote with substitute adopted on a voice-vote.
The substitute passed by voice vote
Passed in the House 97 to 10 (details)
Referred to the Committee on Economic Development and Regulatory Reform
