2022 Senate Bill 1221

Extend tax breaks for owners benefitting from an Oakland “renaissance zone”

Introduced in the Senate

Nov. 10, 2022

Introduced by Sen. Wayne Schmidt (R-37)

To extend for another 15 years the generous tax exemptions authorized by lawmakers for the corporate and other beneficiaries of a particular “renaissance zone” in Oakland county.

Referred to the Committee on Economic and Small Business Development

Nov. 29, 2022

Passed in the Senate 21 to 15 (details)

Received in the House

Nov. 30, 2022

Referred to the Committee on Tax Policy

Dec. 7, 2022

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Failed in the House 29 to 67 (details)

To extend for another 15 years the generous tax exemptions authorized by lawmakers for the corporate and other beneficiaries of a particular “renaissance zone” in Oakland county.