2009 Senate Bill 319 / Public Act 6

Expand electric car manufacture subsidies

Introduced in the Senate

March 3, 2009

Introduced by Sen. John Pappageorge (R-13)

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>. That law authorized additional credits for research and development expenses, with total subsidies estimated at $335 million over seven years. This bill would authorize an additional $200 million in subsidies. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.

Referred to the Committee on Commerce and Tourism

March 5, 2009

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

March 10, 2009

Passed in the Senate 37 to 0 (details)

Received in the House

March 10, 2009

Referred to the Committee on Tax Policy

March 25, 2009

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. See also House Bill 4515.

The substitute passed by voice vote

Passed in the House 104 to 4 (details)

To expand from one to three the number of refundable, $100 million, capital investment Michigan Business Tax credit agreements that could be entered into with makers of plug-in traction battery packs used in electric cars, which were authorized by a <a href="http://www.michiganvotes.org/2008-hB-6611">2008 law</a>. That law authorized additional credits for research and development expenses, with total subsidies estimated at $335 million over seven years. This bill would authorize an additional $200 million in subsidies. “Refundable” means that the state will send a manufacturer a check for the amount that the credit exceeds the firm’s tax liability.

Received in the Senate

March 26, 2009

Passed in the Senate 37 to 0 (details)

Signed by Gov. Jennifer Granholm

April 6, 2009