2003 House Bill 4454 ↩

Senate Roll Call 573: Passed

To authorize tax subsidies from the Michigan Economic Growth Authority (MEGA) for 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 employees in the Kalamazoo and Ann Arbor areas might be reduced or moved to other states. The bill is drafted in such a way as to only apply to this company. Specifically, it would make the company eligible for a single business tax credit if it expanded operations or located a facility in the state that created just five qualified new jobs.