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Key Votes
SB 242 - Establishes Tax Incentives for Job Creation - Michigan Key Vote
Timeline
- July 26, 2017 Executive Signed
- July 12, 2017 Senate Concurrence Vote Passed
- July 12, 2017 House Bill Passed
- March 29, 2017 Senate Bill Passed
- March 15, 2017 Introduced
Issues Related to SB 242
Stage Details
Legislation - Signed (Executive) - July 26, 2017
Title: Establishes Tax Incentives for Job Creation
Legislation - Concurrence Vote Passed (Senate) (29-5) - July 12, 2017
Title: Establishes Tax Incentives for Job Creation
Legislation -
Bill Passed
With Amendment
(House)
(71-35) -
July 12, 2017(Key vote)
See How Your Politicians Voted
Title: Establishes Tax Incentives for Job Creation
Vote Result
Yea Votes
Nay Votes
A vote to pass with amendment a bill that establishes a tax credit and other financial incentives for businesses that hire a certain number of new employees.
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Establishes the "Good Jobs for Michigan Program" to provide tax incentives for businesses that contribute to job growth and higher wages (Sec. 9).
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Specifies that a business that creates at least 3,000 jobs is eligible to receive 100% of employee withholding taxes for 10 years.
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Specifies that a business that creates at least 500 jobs that pay at least the average regional wage is eligible to receive 50% of the employee withholding taxes for 5 years.
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Specifies that a business that creates at least 250 jobs that pay at least 125% of the average regional wage is eligible to receive 100% of employee withholding taxes for 10 years.
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Prohibits retail establishments, professional sports stadiums, and casinos from receiving this tax credit (Sec. 9).
Legislation - Bill Passed (Senate) (32-5) - March 29, 2017
Title: Establishes Tax Incentives for Job Creation
Legislation - Introduced (Senate) - March 15, 2017
Title: Establishes Tax Incentives for Job Creation
Sponsors
Co-sponsors
- Goeff Hansen (MI - R) (Out Of Office)
- Curtis Hertel Jr. (MI - D)
- David S. 'Dave' Hildenbrand (MI - R) (Out Of Office)
- Kenneth B. 'Ken' Horn (MI - R)
- David M. Knezek Jr. (MI - D) (Out Of Office)
- Mike Kowall (MI - R) (Out Of Office)
- Arlan B. Meekhof (MI - R)
- Wayne A. Schmidt (MI - R)
