2012 Senate Bill 1067 / Public Act 399

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Introduced in the Senate

April 17, 2012

Introduced by Sen. Bruce Caswell (R-16)

To revise details of a law authorizing selective tax breaks for certain specified companies, so as to accommodate the proposal in Senate Bills 1069 to 1072 to cut the property tax that manufacturers currently pay on business tools and equipment (called the “personal property tax”), and eliminate it for smaller non-manufacturing businesses.

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. 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 to local governments of foregone revenue 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)

To postpone by one year the key provision of this bill.

The amendment failed by voice vote

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

To make the bill's provisions contingent on approval by voters of a measure earmarking a portion to the state use tax to replacing local government revenue foregone by cutting the property tax on business tools and equipment.

The amendment passed by voice vote

Passed in the House 57 to 52 (details)

To revise details of a law authorizing selective tax breaks for certain specified companies, so as to accommodate the proposal in Senate Bills 1069 to 1072 to cut the property tax that manufacturers currently pay on business tools and equipment (called the “personal property tax”), and eliminate it for smaller non-manufacturing businesses.

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