Introduced
by
To require a firm offered Michigan Economic Growth Authority tax breaks to be in compliance with the corporate responsibility standards proposed by House Bill 4553.
Referred to the Committee on Commerce
Referred to the Committee on Oversight and Investigations
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that requires MEGA to perform "business probity" and criminal record background checks before tax break deals are entered. These were added and the bill passed one week after the revelation that MEGA had granted a $9 million tax credit to a convicted embezzler.
The substitute passed by voice vote
Amendment offered
by
To require MEGA board meetings to videotaped and made accessible on a public website.
The amendment failed by voice vote
Amendment offered
by
To require MEGA to conduct an audit of all the "jobs created" claims of the recipients of its selective tax breaks and subsidies, compare the reality to what was claimed when the credit deals with the repipient companies were created, and post the the results on the Internet.
The amendment failed by voice vote
Passed in the House 107 to 2 (details)
To require a firm offered Michigan Economic Growth Authority tax breaks to be in compliance with the corporate responsibility standards proposed by House Bill 4553. Following the revelation that MEGA had granted a $9 million tax credit to a convicted embezzler, the bill also includes provisions requiring "business probity" and criminal record background checks before tax break deals are entered.
Referred to the Committee on Finance
