2007 House Bill 5463 ↩

Senate Roll Call 235: Passed

To clarify the terms of a Michigan Business Tax credit previously granted to the owner of the Palace sports stadium in Auburn Hills, and potentially also to the owner of the Detroit Red Wings and Tigers stadiums (the Ilitch family). The measure gives the owners a 65 percent reduction in their business tax liability for 2008 through 2010 (up to $1.7 million annually), a 45 percent tax break in 2011 (up to $1.18 million), and a 25 percent tax break in 2012 (up to $650,000). The bill would prohibit the tax break if a stadium has been the beneficiary of other specific government spending or targeted tax breaks.