2008 House Bill 5858 ↩

Senate Roll Call 173: Passed

To authorize Michigan Business Tax credits for high tech "anchor companies" equal to 5 percent of the taxable value of property owned by other companies that locate near the "anchor" because of its high tech processes or products. "Anchor company" is defined as a “high-technology business that . . . that has the ability or potential ability to influence business decisions and site location of suppliers and customers.” Only five firms would be granted these tax break each year. "Refundable" means that if the credit exceeded the firm's tax liability the state would send it a check.