Introduced
by
To authorize up to $250 million in Michigan Business Tax credits for auto manufacturing suppliers that enter job retention agreements with the state. Several future years worth of credits could be claimed all at once by a company, meaning that the state would be writing checks to them. The bill authorizes "clawbacks" if the firms don't meet the job retention goals, but if a firm went bankrupt then presumably the state would be in line with other creditors for a piece of whatever assets remain. See also House Bill 4126.
Referred to the Committee on Tax Policy
