Introduced
by
To remove a $3 million cap on the amount that certain “historic rehabilitation” Michigan Business Tax credits can be “carried forward” to a future tax year by a property owner, if the correct state political appointee (the director of the Department of History, Arts and Libraries, or its successor) deems the project a “high community impact” one. Specifically, the bill would revise the terms of a tax break originally intended for the developer of Tiger Stadium (since torn down), increase it to $4.6 million, and give it to the College of Creative Studies' Taubman Center in Detroit.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the bill be referred to the Committee on New Economy and Quality of Life.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises various details, but does not change its substance. This version was subsequently superseded by another substitute with more changes.
The substitute failed by voice vote
Substitute offered
by
To adopt amendments that revise details but do not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 94 to 9 (details)
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 37 to 0 (details)
To remove a $3 million cap on the amount that certain “historic rehabilitation” Michigan Business Tax credits can be “carried forward” to a future tax year by a property owner, if the correct state political appointee (the director of the Department of History, Arts and Libraries, or its successor) deems the project a “high community impact” one. Specifically, the bill would revise the terms of a tax break originally intended for the developer of Tiger Stadium (since torn down), increase it to $4.6 million, and give it to the College of Creative Studies' Taubman Center in Detroit.
Substitute offered
by
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
Amendment offered
by
To clarify details of the proposed tax break.
The amendment passed by voice vote
Passed in the House 93 to 11 (details)
To concur with the House-passed version of the bill.
Passed in the Senate 36 to 0 (details)
