2003 Senate Bill 824 ↩

House Roll Call 68: The amendment was adopted

To ease the employee expansion/retention requirements for determining whether a firm qualifies for a MEGA credit, in such as way as to allow the state to offer a credit for two Federal-Mogul Corporation plants which do not currently qualify for a MEGA credit. Specifically, Mega tax credits would be allowed for a firm that maintains 150 retained jobs at a facility, maintains 1,000 or more full-time jobs in Michigan, and makes new capital investment here. Under current law, higher job retention levels and specific capital investment amounts are required. Federal Mogul has intimated that without cost saving measures it may close the plants. These measures often come in the form of targeted tax cuts and union concessions.