Introduced
by
To require the beneficiaries of very large corporate subsidies granted to certain firms in the 2000s to notify the Department of Treasury 90 days in advance when they plan to collect tax “credits,’ which in most or all cases likely come in form of cash disbursements (although the details are kept secret). The “credits” were granted under agreements extending up to 20 years, are against the (mostly) repealed Michigan Business Tax, and are based on annual payroll and other factors.
Referred to the Committee on Tax Policy
