2005 House Bill 5216 / Public Act 234

Revise “early stage venture capital investment” tax breaks

Introduced in the House

Sept. 22, 2005

Introduced by Rep. David Law (R-39)

To allow a taxpayer to use the tax voucher certificate proposed by House Bill 5215 to pay an income tax liability for a tax year beginning after December 31, 2008.

Referred to the Committee on Commerce

Sept. 27, 2005

Reported without amendment

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

Sept. 28, 2005

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, and which makes this a part of the package of new business subsidies proposed by House Bill 5047.

The substitute passed by voice vote

Passed in the House 104 to 0 (details)

Received in the Senate

Sept. 29, 2005

Referred to the Committee on Government Operations and Reform

Oct. 18, 2005

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 does not require that the business tax cuts passed by the House in House Bill 5108 go into effect for this and related business subsidy bills to go into eff.

The substitute passed by voice vote

Oct. 19, 2005

Passed in the Senate 34 to 4 (details)

To allow a taxpayer to use the tax voucher certificate proposed by House Bill 5215 to pay an income tax liability for a tax year beginning after December 31, 2008.

Received in the House

Oct. 19, 2005

Nov. 10, 2005

Passed in the House 104 to 0 (details)

Signed by Gov. Jennifer Granholm

Nov. 21, 2005