Checkmark
Legislation watch

Search all years.

2016 Senate Bill 1096: Add "claw back" provisions to MEGA subsidies and corporate tax breaks
Introduced by Sen. Jim Ananich (D) on September 21, 2016
To add “claw back” provisions to the law used by the Granholm administration to grant businesses and developers some $9 billion worth of tax breaks and cash subsidies styled as Michigan Business Tax “tax credits.” The bill would only apply prospectively, so presumably its effect would be limited to any renegotiation of the terms of those existing "Michigan Economic Development Authority" deals. It would require the beneficiary to repay all the benefits if they move out of Michigan.   Official Text and Analysis.
Referred to the Senate Commerce Committee on September 21, 2016

Comments