The Michigan Senate is poised to pass legislation that would ease some of the financial burden of cleaning up brownfield sites for redevelopment.
Opponents of a $1 billion, 20-year redevelopment tax capture plan on the move in the Michigan Senate are keeping their powder dry until it reaches the Michigan House, where a similar proposal stalled out last year.
A package of bills that would allow large-scale brownfield redevelopment projects to capture taxes cleared the Senate Economic Development and International Investment Committee on Thursday.
Spending nearly $600 million to construct a new passageway at the Soo Locks in Sault Ste. Marie could provide an economic benefit of up to more than $1.7 billion, according to a new report commissioned by the U.S. Treasury.
obs created for residents in neighboring states or Ontario would count for Michigan projects seeking state business incentives under a bill approved by the Senate, aimed at helping border counties.
f the state required every business to rebate a percentage of its revenues to employees, they'd call it socialism.
Fifteen Michigan companies would be able to keep up to $250 million in state taxes they withhold from employees' paychecks rather than turn it over to the Michigan Treasury Department under bills approved by the Senate on Tuesday with bipartisan support.
A five-bill tax incentive package intended to be a “shining star” of urban renewal, passed the state Senate with bi-partisan majorities Tuesday, but faces a less certain future when it’s taken up in the House of Representatives during the final weeks of the legislative session.