MEGA: VACCINE LABORATORY

House Bill 5559

Sponsor:  Rep. Scott Hummel

Committee:  Commerce

Complete to 1-23-06

A SUMMARY OF HOUSE BILL 5559 AS INTRODUCED 1-18-06

The bill would amend the Michigan Economic Growth Authority Act to remove a provision that prevents benefits under the act from being provided to "a site that was a vaccine laboratory owned by this state on April 1, 1995."

MCL 207.803

FISCAL IMPACT:

Negotiations are underway between Bioport, which would be the recipient of a MEGA tax credit if this bill is enacted, and the Michigan Economic Development Corporation. Therefore, the fiscal impact, which would be a loss of Single Business Tax revenue, is not determinable at this time.

                                                                                           Legislative Analyst:   Chris Couch

                                                                                                  Fiscal Analyst:   Richard Child

■ This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.