To require starting in 2017 local governments and a state "Next Michigan Development Corporation" to include "claw back" provisions in new tax break deals they selectively grant to particular corporations or developers, allowing foregone taxes to be demanded if the beneficiary does not abide by the terms of the tax break agreement. This applies to property taxes levied on business tools and equipment ("personal property tax").
35 Yeas / 0 Nays | |
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Democrat (9 Yeas / 0 Nays) | |
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Excused or Not Voting (2) | |
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