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MI SB0718
Bill
AI Summary
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Beginning January 1, 2010, businesses receiving Michigan Economic Growth Authority tax credits must pay wages equal to or greater than the prevailing wage in their local governmental unit for retained and new jobs.
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Prevailing wage is defined as the wage determined under 1965 PA 166, MCL 408.551 to 408.558.
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The amendment applies to all written agreements entered into with eligible businesses seeking tax credits under the Michigan Economic Growth Authority Act.
Legislative Description
Economic development; Michigan economic growth authority; requirement for businesses awarded Michigan economic growth authority tax credits to pay a prevailing wage; provide for. Amends sec. 8 of 1995 PA 24 (MCL 207.808).
Labor, hours and wages
Last Action
Referred To Committee On Commerce And Tourism
8/5/2009