2008 House Bill 6611 ↩

House Roll Call 1017: Passed

To authorize refundable Michigan Business Tax credit for makers of plug-in traction battery packs used in electric cars. Additional credits would be available for research and development expenses. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability Altogether the bill authorizes some $500 million in subsidies for automakers over seven years.