Introduced by Sen. Jack Brandenburg (R) on April 17, 2012
To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut or eliminate the property tax businesses currently pay on their tools and equipment (called the “personal property tax”). Official Text and Analysis.
Referred to the Senate Finance Committee on April 17, 2012
Reported in the Senate on May 2, 2012
With the recommendation that the bill pass.
Amendment offered by Gov. Gretchen Whitmer on May 10, 2012
To tie-bar the bill to House Bill 5527, meaning this bill cannot become law unless that one does also. HB 5527 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the Senate on May 10, 2012
Amendment offered by Sen. Dave Hildenbrand (R) on May 10, 2012
To suspend the proposed personal property tax cuts on business tools and equipment if the legislature fails to appropriate the reimbursements of foregone revenue to local governments as proposed by Senate Bill 1072.
The amendment passed by voice vote in the Senate on May 10, 2012