2003 House Bill 5243 ↩

Senate Roll Call 443: Passed

To clarify that the tool and die "recovery zone" tax exemptions authorized by Senate Bill 825, now Public Act 266 of 2003, also apply to small tool and die shops that lease their premises, rather than own them. The bill also authorizes the Michigan Strategic Fund Board to revoke tax breaks granted to a tool and die businesse if it fails to comply with the conditions established in the required "qualified collaborative agreement".