2002 House Bill 6073 ↩

House Roll Call 1074: Passed

To provide single business tax exemptions for companies that research, develop, or produce alternative energy technologies, and provide state subsidized incentives for investments in such technologies. The bill would also give an annual $10 million single business tax credit to the Pfizer/Pharmacia Corporation. This is in response to concerns that with the proposed purchase by Pfizer of the Pharmacia Corporation, some 8,500 Pharmacia Michigan in the Kalamazoo and Ann Arbor areas might be eliminated or moved to other areas. This provision of the bill is drafted in such a way as to only apply to this company.