Introduced
by
To revise the renaissance zone law in a way that allows that law's tax breaks for a specific facility in Benton Harbor and another one in Grand Rapids.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that would also allow the City of Wixom to grant a 100 percent exemption against the property tax levied on the tools and equipment, and the real estate, of a business that redevelops the Ford Wixom plant. This would be accomplished by the city declaring the plant a "renaissance zone." The substitute was adopted the week Ford announced it would close the plant.
The substitute passed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that would also allow a new renaissance zone outside of Carson City in Montcalm County.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To revise the renaissance zone law in a way that allows that law's tax breaks for a specific facility in Benton Harbor, one in Grand Rapids, and one outside of Carson City in Montcalm County. Also, the bill would allow the City of Wixom to grant a 100 percent renaissance zone exemption against the property tax levied on the tools and equipment, and against the real estate, of a business that redevelops the Ford Wixom plant. This provision was added the week Ford announced it would close the plant.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that also authorizes new or expanded Renaissance Zones in Greenville, Midland, Gaylord, and Walker. It would also revise the definition of "eligible pharmaceutical company" so that Pfizer would still be eligible for certain tax breaks despite the fact that its employment level in the state has fallen below a certain threshold specified in the law.
The substitute passed by voice vote
Passed in the House 105 to 0 (details)
To revise the renaissance zone law in a way that extends that law's tax breaks to specific facilities in Benton Harbor, Grand Rapids, Carson City, Greenville, Midland, Gaylord, Walker, and the former Ford plant in Wixom. Also, to revise the definition of "eligible pharmaceutical company" so that Pfizer would still be eligible for certain tax breaks despite the fact that its employment level in the state has fallen below a certain threshold specified in the law. A renaissance zone is exempt from local property taxes and the six-mill State Education Tax. Individuals and businesses that reside in such zones are exempt from local property taxes, the six-mill state education tax, the state income tax and the Single Business Tax.
Amendment offered
by
To define as a tax free renaissance zone a parcel in Detroit proposed for an "intermodal transportation facility" near current and proposed international bridge crossings in Detroit.
The amendment failed by voice vote
Passed in the Senate 36 to 0 (details)
To revise the renaissance zone law in a way that extends that law's tax breaks to specific facilities in Benton Harbor, Grand Rapids, Carson City, Greenville, Midland, Gaylord, Walker, and the former Ford plant in Wixom. Also, to revise the definition of "eligible pharmaceutical company" so that Pfizer would still be eligible for certain tax breaks despite the fact that its employment level in the state has fallen below a certain threshold specified in the law. A renaissance zone is exempt from local property taxes and the six-mill State Education Tax. Individuals and businesses that reside in such zones are exempt from local property taxes, the six-mill state education tax, the state income tax and the Single Business Tax.
