February 24, 2005, Introduced by Reps. Hunter, Meisner, Tobocman, Kolb, Leland and Condino and referred to the Committee on Commerce.
A bill to require certain state departments, agencies, and
public entities to gather and to report certain information to the
legislative branch.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 1. This act shall be known and may be cited as the
"economic development fiscal accountability act".
Sec. 2. As used in this act:
(a) "Economic development benefits" means the amount of the
abatements, tax credits, or exemptions related to economic
development activities as determined by the Michigan economic
development corporation provided under the following acts:
(i) The single business tax act, 1975 PA 228, MCL 208.1 to
208.145.
(ii) The income tax act of 1967, 1967 PA 281, MCL 206.1 to
206.532.
(iii) 1974 PA 198, MCL 207.551 to 207.572.
(iv) The commercial redevelopment act, 1978 PA 255, MCL 207.651
to 207.668.
(v) The enterprise zone act, 1985 PA 224, MCL 125.2101 to
125.2123.
(vi) 1953 PA 189, MCL 211.181 to 211.182.
(vii) The technology park development act, 1984 PA 385, MCL
207.701 to 207.718.
(viii) Part 511 of the natural resources and environmental
protection act, 1994 PA 451, MCL 324.51101 to 324.51120.
(ix) The neighborhood enterprise zone act, 1992 PA 147, MCL
207.771 to 207.786.
(x) The city utility users tax act, 1990 PA 100, MCL 141.1151
to 141.1177.
(xi) The city income tax act, 1964 PA 284, MCL 141.501 to
141.787.
(xii) The general property tax act, 1893 PA 206, MCL 211.1 to
211.157.
(xiii) The Michigan economic growth authority act, 1995 PA 24,
MCL 207.801 to 207.810.
(xiv) The Michigan renaissance zone act, 1996 PA 376, MCL
125.2681 to 125.2696.
(xv) The obsolete property rehabilitation act, 2000 PA 146, MCL
125.2781 to 125.2797.
(xvi) The brownfield redevelopment financing act, 1996 PA 381,
MCL 125.2651 to 125.2672.
(b) "Michigan economic development corporation" means the
public body corporate created under section 28 of article VII of
the state constitution of 1963 and the urban cooperation act of
1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual
interlocal agreement effective April 5, 1999 between local
participating economic development corporations formed under the
economic development corporations act, 1974 PA 338, MCL 125.1601 to
125.1636, and the Michigan strategic fund.
(c) "State tax commission" means the state tax commission
created by 1927 PA 360, MCL 209.101 to 209.107.
Sec. 3. (1) Not later than April 15 of each year, the Michigan
economic development corporation, in conjunction with the state tax
commission and the department of treasury, shall report to each
member of the senate and house of representatives appropriations
committees on the economic development benefits provided by this
state and local units of government in this state in the previous
calendar year.
(2) The report described in subsection (1) shall contain, but
is not limited to, all of the following:
(a) The total number of new jobs created in this state by the
economic development benefits.
(b) The name of the entity that is receiving an economic
development benefit.
(c) The number of jobs created by each entity that is
receiving an economic development benefit.
(d) The type and amount of health care coverage provided by
the entity that is receiving an economic development benefit, if
known.
(e) A statement as to whether the economic development benefit
to the entity during the previous fiscal year reduced employment at
any other facility in this state that is owned by the same entity.
(f) The contents of the report described in section 10 of the
Michigan economic growth act, 1995 PA 24, MCL 207.810.