2014 Senate Bill 787 / Public Act 512

Give tax breaks to “aquaculture” and hydroponics

Introduced in the Senate

Feb. 13, 2014

Introduced by Sen. Bruce Caswell (R-16)

To impose a new “specific” tax on aquaculture and hydroponics production facilities, equal to 25 percent of the regular property tax rate; Senate Bill 786 would exempt these operations from the regular property tax.

Referred to the Committee on Finance

March 13, 2014

Reported without amendment

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

March 20, 2014

Substitute offered

The substitute passed by voice vote

March 26, 2014

Passed in the Senate 36 to 1 (details)

Received in the House

March 26, 2014

Referred to the Committee on Tax Policy

Nov. 12, 2014

Reported without amendment

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

Dec. 19, 2014

Passed in the House 93 to 17 (details)

To impose a new “specific” tax on aquaculture and hydroponics production facilities, equal to 25 percent of the regular property tax rate; Senate Bill 786 would exempt these operations from the regular property tax.

Received in the Senate

Dec. 19, 2014

Passed in the Senate 37 to 1 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 31, 2014