Introduced
by
To prohibit state economic development officials from modifying one of the agreements entered with a relative handful of large companies in the last years of the Granholm administration that granted them up to $9 billion worth of taxpayer subsidies (styled as “refundable business tax credits”) over a 20 year period. Specifically, the agreements could not be changed in a way that increases the payouts or extends them.
Referred to the Committee on Tax Policy
