Introduced
by
To create a new type of targeted tax break authorizing entities called “next Michigan development corporations,” which would empower certain government officials and appointees to grant select businesses the extensive tax breaks and exemptions of “renaissance zones,” in addition to targeted tax breaks and subsidies authorized by other “economic development” programs. This is about subsidizing businesses in an area between Willow Run and Detroit Metro airports in Wayne County (the "aerotropolis").
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 29 to 8 (details)
Referred to the Committee on New Economy and Quality of Life
