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2007 Senate Bill 944: Authorize hybrid vehicle research tax break

Public Act 214 of 2007

Introduced by Sen. John Pappageorge (R) on November 30, 2007
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.   Official Text and Analysis.
Referred to the Senate Finance Committee on November 30, 2007
Substitute offered in the Senate on December 6, 2007
To replace the previous version of the bill with one that caps the credit at $2 million annually.
The substitute passed by voice vote in the Senate on December 6, 2007
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 on December 6, 2007
Referred to the House Tax Policy Committee on December 6, 2007
Substitute offered by Rep. Steve Bieda (D) on December 13, 2007
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 in the House on December 13, 2007
Received in the Senate on December 13, 2007
To concur with the House-passed version of the bill.
Signed by Gov. Jennifer Granholm on December 27, 2007

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