2003 House Bill 4472 ↩

Senate Roll Call 574: Passed

To authorize property tax subsidies (abatements) 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 allow local governments to exempt new equipment acquired by the company from personal property tax.