Introduced
by
To revise the state’s previous business tax law (the “Michigan Business Tax”) in a manner that would allow the current owner of the former River Rouge steel plant to collect “refundable” tax credits that were originally projected to cost $28 million, but which reportedly could be more. The bill is part of a package with House Bill 5557, which appear to be on a “fast track” in the House with a committee hearing scheduled within a week of the bill’s introduction.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
