2007 Senate Bill 944 / Public Act 214

Authorize hybrid vehicle research tax break

Introduced in the Senate

Nov. 30, 2007

Introduced by Sen. John Pappageorge (R-13)

To authorize a credit against the Michigan Business Tax equal to 3.9 percent of employee compensation costs for research and development done at a hybrid automotive drive train research center in Troy established by GM, Chrysler and BMW, with a maximum annual credit of $3 million.

Referred to the Committee on Finance

Dec. 6, 2007

Substitute offered

To replace the previous version of the bill with one that caps the credit at $2 million annually.

The substitute passed by voice vote

Passed in the Senate 36 to 1 (details)

To authorize a credit against the Michigan Business Tax equal to 3.9 percent of employee compensation costs for research and development done at a hybrid automotive drive train research center in Troy established by GM, Chrysler and BMW, with a maximum annual credit of $2 million.

Received in the House

Dec. 6, 2007

Referred to the Committee on Tax Policy

Dec. 13, 2007

Substitute offered by Rep. Steve Bieda (D-25)

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.

The substitute passed by voice vote

Passed in the House 106 to 1 (details)

To authorize a credit against the Michigan Business Tax equal to 3.9 percent of employee compensation costs for research and development done at a hybrid automotive drive train research center in Troy established by GM, Chrysler and BMW, with a maximum annual credit of $2 million.

Received in the Senate

Dec. 13, 2007

To concur with the House-passed version of the bill.

Passed in the Senate 32 to 1 (details)

Signed by Gov. Jennifer Granholm

Dec. 27, 2007