2005 House Bill 5215 ↩

House Roll Call 473: Passed

To establish a tax voucher certificate system under which investors in the <a href="http://www.michiganvotes.org/2003-SB-834">Michigan Early Stage Venture Investment Fund</a> would obtain vouchers (in lieu of credits) that could be used to offset potential losses in these investments. Under this program, the state will subsidize up to $150 million in such losses. The bill is part of the package of new business subsidies proposed by House Bill 5047.