2012 Senate Bill 1065 / Public Act 397

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Introduced in the Senate

April 17, 2012

Introduced by Sen. Jack Brandenburg (R-11)

To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut or eliminate the property tax businesses currently pay on their tools and equipment (called the “personal property tax”).

Referred to the Committee on Finance

May 2, 2012

Reported without amendment

With the recommendation that the bill pass.

May 10, 2012

Amendment offered by Sen. Gretchen Whitmer (D-23)

To tie-bar the bill to House Bill 5527, meaning this bill cannot become law unless that one does also. HB 5527 would require drug testing for business executives whose firms receive subsidies from the state.

The amendment failed by voice vote

Amendment offered by Sen. Dave Hildenbrand (R-29)

To suspend the proposed personal property tax cuts on business tools and equipment if the legislature fails to appropriate the reimbursements of foregone revenue to local governments as proposed by Senate Bill 1072.

The amendment passed by voice vote

Passed in the Senate 23 to 14 (details)

Received in the House

May 10, 2012

Referred to the Committee on Tax Policy

Dec. 5, 2012

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Dec. 13, 2012

Substitute offered

The substitute passed by voice vote

Amendment offered by Rep. Phil Cavanagh (D-17)

To reimpose the tool and equipment tax on industrial plants if the legislature fails to appropriate replacement revenue to local governments.

The amendment failed by voice vote

Amendment offered by Rep. Vicki Barnett (D-37)

The amendment failed by voice vote

Amendment offered by Rep. Jeff Farrington (R-30)

The amendment passed by voice vote

Amendment offered by Rep. Jud Gilbert (R-81)

To clarify that once the tool and and equipment tax on industrial plants is eliminated then no new local abatements of this tax would be authorized (or needed).

The amendment passed by voice vote

Passed in the House 57 to 52 (details)

To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut or eliminate the property tax businesses currently pay on their tools and equipment (called the “personal property tax”).

Received in the Senate

Dec. 14, 2012

Passed in the Senate 25 to 13 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 20, 2012