2005 House Bill 5459 ↩

House Roll Call 815: Passed

To authorize a temporary Single Business Tax credit against the property taxes paid on tools and equipment brought into Michigan if they are used directly by workers transferred here from other states or countries to perform “manufacturing” or “high technology activity,” and if these workers receive comprehensive health insurance fringe benefits. The tax credit would only be in effect in 2007, 2008 and 2009 (see Senate Bill 910), but would only apply to one of those years for any given company, and if a company did not maintain steady employment levels for the following three years it would have to give back all or a portion of the credit in higher SBT taxes. The bill was introduced after the Delphi Corporation declared bankruptcy and announced likely plant closings.