Introduced
by
To require a firm seeking assistance, tax breaks and/or subsidies from the Michigan Strategic Fund to be in compliance with the corporate responsibility standards proposed by House Bill 4553.
Referred to the Committee on Commerce
Referred to the Committee on Oversight and Investigations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that essentially requires new Michigan Economic Growth Authority "business probity" and criminal record background checks before tax break deals are entered.
The substitute passed by voice vote
Amendment offered
by
To give the responsibility of appointing the MSF's chief compliance officer to the legislative auditor general, rather than the state administrative board (which is controlled by gubernatorial appointees).
The amendment failed by voice vote
Amendment offered
by
To prohibit the Michigan Strategic Fund's chief compliance officer from living in the same building as one where any other MSF employee resides.
The amendment passed by voice vote
Passed in the House 108 to 1 (details)
To require a firm seeking assistance, tax breaks and/or subsidies from the Michigan Strategic Fund to be in compliance with the corporate responsibility standards proposed by House Bill 4553. Also, to give the MSF "compliance officer" the new duty of helping establish procedures that would screen out appplicants for Michigan Economic Growth Authority selective tax breaks and subsidies that have a record of unethical or illegal behavior. This provision was added and the bill passed one week after the revelation that MEGA had granted a $9 million tax credit to a convicted embezzler.
Referred to the Committee on Finance
