2007 House Bill 5511 ↩

Senate Roll Call 182: Passed

To increase the size of certain brownfield development tax credits against the Michigan Busines Tax and make these "refundable," meaning that if the credit exceeds a firm's tax liability the state would send it a check for the difference (choosing this option rather than using the credit over several years would lower its value by 25 percent). The bill would increase the number of certain large brownfield credits offered each year; expand the eligibility criteria for certain kinds of projects; and modify the project review protocols of the Michigan Economic Growth Authority in a way that removes various hearing and review requirements.