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MI HB6113
Bill
Status
5/4/2010
Primary Sponsor
Larry DeShazor
Click for details
AI Summary
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Amends Michigan business tax act to add sunset provisions ending new anchor company designations and credits after December 31, 2010 for three tax credit programs under sections 431a, 431b, and 431c.
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Section 431a: Limits Michigan Economic Growth Authority to designating maximum 5 anchor companies per year and approving maximum 5 new credits per year; freezes all new designations and credits after December 31, 2010.
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Section 431b: Limits authority to executing maximum 10 new written agreements per year for federal procurement contract credits; freezes new applications after December 31, 2010.
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Section 431c: Limits authority to designating maximum 5 anchor companies per year and approving maximum 5 new credits per year for property tax credits; freezes designations and credits after December 31, 2010.
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Bill contains tie-bar provision requiring simultaneous enactment of 17 companion bills (HB 5249, HB 6103-6119) for bill to take effect.
Legislative Description
Michigan business tax; credit; anchor company credits; sunset. Amends secs. 431a, 431b & 431c of 2007 PA 36 (MCL 208.1431a et seq.). TIE BAR WITH: HB 5249'09, HB 6103'10, HB 6104'10, HB 6105'10, HB 6106'10, HB 6107'10, HB 6108'10, HB 6109'10, HB 6110'10, HB 6111'10, HB 6112'10, HB 6114'10, HB 6115'10, HB 6116'10, HB 6117'10, HB 6118'10, HB 6119'10
Michigan business tax, credit
Last Action
Printed Bill Filed 05/05/2010
5/5/2010