HB-6524, As Passed Senate, December 19, 2008

SENATE SUBSTITUTE FOR

HOUSE BILL NO. 6524

     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. (1) Beginning in 2009, a qualified taxpayer may

claim a credit against the tax imposed by this act equal to the

following:

     (a) In 2009, the qualified taxpayer's tax liability under this

act or $500,000.00, whichever is less.

     (b) In 2010 and each year thereafter, the qualified taxpayer's

tax liability under this act or $250,000.00, whichever is less.

     (2) As used in this section, "qualified taxpayer" means a

taxpayer that owns, operates, or controls an exhibition in this

state 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) Attendance during the entire exhibition exceeds 500,000.

     (e) Has more than 3,000 credentialed journalists, including

international journalists, who attend the exhibition.