HB-6524, As Passed House, November 13, 2008
September 24, 2008, Introduced by Reps. Farrah, Ward, Rick Jones, Hune, Steil, Gaffney, Accavitti, Melton, Hammel, Johnson, Kathleen Law, Hildenbrand, Angerer, Sheltrown, Young, Miller, Palsrok, Warren, Corriveau, Mayes, Byrnes, Wojno, Gonzales, Spade, Polidori, Knollenberg, Hammon, Jackson, Byrum, Schuitmaker, Leland, Meltzer, Elsenheimer, Acciavatti, Moore, Moss, Espinoza, Brown, Hood, Proos, Agema, Nofs, Griffin, Clemente, LeBlanc, Meadows, Coulouris, McDowell, Lahti, Lindberg, Lemmons, Bennett, Pavlov, David Law, Stakoe, Rocca, Marleau, Ball, Dean, Scott and Cushingberry and referred to the Committee on Tax Policy.
A bill to amend 2007 PA 36, entitled
"Michigan business tax act,"
(MCL 208.1101 to 208.1601) by adding section 446.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 446. A qualified taxpayer may claim a credit against the
tax imposed by this act equal to 50% of the qualified taxpayer's
tax liability under this act or $200,000.00, whichever is less. As
used in this section, "qualified taxpayer" means a taxpayer that
owns, operates, or controls an exhibition that is open to the
public and satisfies all of the following:
(a) Promotes, advertises, or displays the design or concept of
products that are designed, manufactured, or produced, in whole or
in part, in this state and are available for sale to the general
public.
(b) The exhibition uses more than 100,000 square feet of floor
space.
(c) Is open to the general public for at least 7 consecutive
days in a calendar year.
(d) General public attendance during the entire exhibition
exceeds 500,000.
(e) Has more than 3,000 credentialed journalists, including
international journalists, who attend the exhibition.