To require a firm seeking assistance, tax breaks and/or subsidies from the Michigan Strategic Fund to be in compliance with the corporate responsibility standards proposed by House Bill 4553. Also, to give the MSF "compliance officer" the new duty of helping establish procedures that would screen out appplicants for Michigan Economic Growth Authority selective tax breaks and subsidies that have a record of unethical or illegal behavior. This provision was added and the bill passed one week after the revelation that MEGA had granted a $9 million tax credit to a convicted embezzler.
| 108 Yeas / 1 Nay | |
|---|---|
