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2009 House Bill 4230: Expand certain business subsidy tax credit eligibility
Introduced by Rep. Dan Scripps D- on February 11, 2009
To lower from $100,000 to $25,000 the size of an initial investment in an "advanced automotive, manufacturing, and materials technology" business subsidized through an income tax credit under a provision of a “community-based seed capital fund” related to the “21st Century Jobs Fund” business subsidy program.   Official Text and Analysis.
Referred to the House New Economy And Quality Of Life Committee on February 11, 2009
Reported in the House on February 25, 2009
Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Tom McMillin R- on February 26, 2009
To extend the lower taxes that the bill would allow for the owners of certain companies selected by state officials to instead apply to all Michigan businesses.
The amendment failed by voice vote in the House on February 26, 2009
Received in the Senate on March 3, 2009
Referred to the Senate Economic Development and Regulatory Reform Committee on March 3, 2009