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Legislation watch
2014 Senate Bill 1016: Shift road tax money from certain subsidies to road projects
Public Act 302 of 2014
Introduced by Sen. Roger Kahn R-Saginaw on July 16, 2014
To not earmark $12 million in annual road tax money to the state “Transportation Economic Development Fund” in fiscal year 2013-2014, and instead use it for regular road building and repair projects. TEDF money is essentially a form of corporate subsidy in which the state pays for transportation infrastructure projects related to a particular investor’s or developer’s new plant or project. Official Text and Analysis.
Referred to the Senate Appropriations Committee on July 16, 2014
Received in the House on September 24, 2014
Referred to the House Appropriations Committee on September 24, 2014
Reported in the House on October 2, 2014
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on October 9, 2014