LANSING, Mich. (AP) – Republicans who control the Michigan House say they will not vote this year on legislation that would have let developers keep up to $50 million annually in taxes generated from developing future “transformational” projects on contaminated brownfield sites.
The announcement was made Wednesday, in the final weeks of the two-year term.
Detroit businessman Dan Gilbert and local economic development agencies support the incentives to help with urban renewal. The bills could be reintroduced in 2017.
The legislation is the second set of Senate-passed incentives to be rejected in the House this week. Conservatives have expressed concern with carving out incentives after a major cut in business taxes that was enacted in 2011.