Introduced
by
To “grandfather” a range of the special business tax breaks and subsidies that have been granted to particular firms under a number of “targeted” exemptions and “credits” (some of which are actually cash payments). The bill is a part package to enact Gov. Rick Snyder’s proposal to convert the Michigan Business Tax into a 6 percent corporate income tax (see House Bill 4361). The “grandfathering” would only apply to firms that have already become eligible for a particular tax break or subsidy, or have a written agreement with the state granting one.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) 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 as previously described.
The substitute passed by voice vote
Amendment offered
by
To clarify certain technical details in the bill.
The amendment passed by voice vote
Passed in the House 57 to 52 (details)
Referred to the Committee on Reforms, Restructuring, and Reinventing
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To require individuals eligible for certain corporate tax breaks to report all his or her state political contributions.
The amendment failed by voice vote
Amendment offered
by
To "grandfather" certain additional corporate tax breaks.
The amendment failed 16 to 22 (details)
Passed in the Senate 27 to 10 (details)
To “grandfather” a range of the special business tax breaks and subsidies that have been granted to particular firms under a number of “targeted” exemptions and “credits” (some of which are actually cash payments). The bill is a part package to enact Gov. Rick Snyder’s proposal to convert the Michigan Business Tax into a 6 percent corporate income tax (see House Bill 4361). The “grandfathering” would only apply to firms that have already become eligible for a particular tax break or subsidy, or have a written agreement with the state granting one.
Passed in the House 57 to 51 (details)
To concur with the Senate-passed version of the bill.
