Introduced
by
To revise a state business subsidy program in a manner that would allow the current owner of the former River Rouge steel plant (AK Steel) to collect refundable tax credits (which are often paid as cash subsidies). According to the House Fiscal Agency this could result in the state giving tens of millions for the company's owners. See also House Bills 5557 and 5558.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To require the recipient of the subsidies to attest that it has no unresolved federal regulatory issues.
The amendment failed 12 to 25 (details)
Amendment offered
by
To clarify procedural details.
The amendment passed by voice vote
Passed in the Senate 30 to 7 (details)
To revise a state business subsidy program in a manner that would allow the current owner of the former River Rouge steel plant (AK Steel) to collect refundable tax credits (which are often paid as cash subsidies). According to the House Fiscal Agency this could result in the state giving tens of millions for the company's owners.
Referred to the Committee on Tax Policy
