Introduced
by
To authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To require the foregone local government and school taxes "captured" by these "smart zones" to be reimbursed out of the budget of the Michigan Strategic fund.
The amendment passed by voice vote
Passed in the House 87 to 20 (details)
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 28 to 8 (details)
To authorize two additional “certified technology parks” ("smart zones"), in which revenues "captured" from other local governments using “tax increment financing” schemes is used to pay the debt service on money borrowed by a government authority to benefit particular "large corporate research" operations.
Amendment offered
by
To establish as the "intent of the legislature" than these will be the last of this particular type of subsidy. Note: The provision is not binding.
The amendment passed by voice vote
Passed in the House 86 to 23 (details)
To concur with the Senate-passed version of the bill, with one amendment.
Passed in the Senate 26 to 10 (details)
To concur with the House-passed version of the bill.
