2009 Senate Bill 428 / Public Act 162

Authorize more "alternative energy" subsidies

Introduced in the Senate

April 1, 2009

Introduced by Sen. Jason Allen (R-37)

To revise the “local development financing act” which authorizes certain targeted tax breaks to be granted by local governments, so as to shift decision-making authority for certain required state approvals from the Michigan Economic Development Corporations to the Michigan Strategic Fund, which is another arm of the state’s selective tax-break granting bureaucracy.

Referred to the Committee on Commerce and Tourism

June 11, 2009

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

June 17, 2009

Substitute offered

To replace the previous version of the bill with one that allows a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies.

The substitute passed by voice vote

June 18, 2009

Passed in the Senate 35 to 0 (details)

To allow a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies.

Received in the House

June 23, 2009

Referred to the Committee on New Economy and Quality of Life

July 28, 2009

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 10, 2009

Passed in the House 100 to 5 (details)

To allow a “local development financing act” to change its purpose to provide direct and indirect subsidies to the owners of businesses in the alternative energy field, and to use its "captured" tax revenue for such subsidies.

Signed by Gov. Jennifer Granholm

Dec. 11, 2009