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MI HB5433
Bill
Status
3/27/2014
Primary Sponsor
David Knezek
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AI Summary
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Amends the 1941 Public Act 122 by adding Section 18a to require the Department of Treasury to provide assistance to the Michigan Economic Development Corporation in preparing a report required under Section 675(10) of the Income Tax Act of 1967.
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Requires the department to assist MEDC in preparing reports related to the New Markets Tax Credit program as mandated by MCL 206.675.
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Takes effect only if Senate Bill No. ____ or House Bill No. 5435 is enacted into law, creating a conditional enactment tied to companion legislation.
Legislative Description
Taxation; administration; reporting to the legislature on new markets tax credit; require. Amends 1941 PA 122 (MCL 205.1 - 205.31) by adding sec. 18a. TIE BAR WITH: HB 5435'14
Taxation, administration
Last Action
Printed Bill Filed 03/28/2014
4/17/2014