2008 Senate Bill 1189 ↩

House Roll Call 260: Passed

To lower the number of jobs an existing firm must promise to retain to be eligible for a Michigan Economic Development Authority (MEGA) tax break. Also, to authorize a “generic” Michigan Economic Development Authority (MEGA) tax credit category that is not bound by the specific eligibility requirements specified in other sections of the law, thereby giving the MEGA board greater discretion in granting these tax breaks to particular firms it selects. The bill would also make new MEGA tax breaks subject to a “clawback” provision, meaning the firm might have to repay all or some of the tax breaks if it moves full time jobs out of the state during a period specified in its tax break agreement.