2003 Senate Bill 825 ↩

Senate Roll Call 565: Passed

To authorize the Michigan Economic Development Corporation to designate up to 20 tool and die recovery zones, which could essentially be the premises of selected existing tool and die businesses. Firms in a "zone" would be exempt from the Single Business Tax (SBT), the personal income tax, the six-mill state education tax, local personal and real property taxes, local income taxes, and the utility users tax. These advantages would be available to small tool and die businesses (50 employees or less) which have entered into a tool and die collaboration agreement as defined in the bill (see substitute).