Introduced
by
To retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 93 to 14 (details)
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 38 to 0 (details)
To retroactively create an exception for the Kalamazoo and Battle Creek Downtown Development Authorities, which failed to comply with certain requirements in the law that would allow them to “capture” a portion of taxes levied by local governments, even if the local has exempted a particular corporation from a tax. DDAs use the money they "capture" to repay debt they incur for spending that benefits property owners in a specified portion of the community.
