Introduced
by
To allow local governments to revoke certain property tax breaks selectively granted to particular corporations or developers if the beneficiary does not abide by the terms of the tax break agreement, or is judged to no longer meet the criteria under which the tax break was authorized.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Passed in the House 109 to 0 (details)
To allow local governments to revoke certain tax breaks selectively granted to particular corporations or developers if the beneficiary does not abide by the terms of the tax break agreement, or is judged to no longer meet the criteria under which the tax break was authorized. This applies to property taxes levied on business tools and equipment ("personal property tax").
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 35 to 0 (details)
To require starting in 2017 local governments and a state "Next Michigan Development Corporation" to include "claw back" provisions in new tax break deals they selectively grant to particular corporations or developers, allowing foregone taxes to be demanded if the beneficiary does not abide by the terms of the tax break agreement. This applies to property taxes levied on business tools and equipment ("personal property tax").
Passed in the House 107 to 0 (details)
