2008 Senate Bill 1115 ↩

House Roll Call 214: Passed

To authorize a refundable Michigan Business Tax credit for certain high technology businesses designated as “anchor companies.” The credit would be based on the payroll attributed to other companies that locate in Micigan because of the "anchor company's" high tech processes or products. Only five firms would be granted these tax break each year (unless the legislature voted to expand that, which happens all the time with similar targeted tax break schemes). "Refundable" means the state would send the firm a check if the credit exceeds its tax liability.