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MI HB5433

Bill

Status

Introduced

3/27/2014

Primary Sponsor

David Knezek

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • 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.

  • Requires the department to assist MEDC in preparing reports related to the New Markets Tax Credit program as mandated by MCL 206.675.

  • 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

Committee Referrals

Tax Policy3/27/2014

Full Bill Text

No bill text available