Categories: Glenn News State Reps. Gary Glenn, left, and Lee Chatfield provided testimony to the House Tax Policy Committee April 15 on their legislation to prohibit Michigan Economic Growth Authority tax credits beyond the state’s current $9.38 billion liability. The bills were unanimously approved today by the committee and now go to the House for consideration.Michigan House Tax Policy Committee members today voted unanimously in favor of legislation to protect taxpayers from additional financial liability through Michigan Economic Growth Authority (MEGA) tax credit extensions.The committee includes state Rep. Gary Glenn, R-Midland, who introduced House Bill 4334 to prohibit extensions currently allowed under the Michigan Business Tax Act. The committee also approved HB 4333, which addresses similar language in the Michigan Economic Growth Authority Act.“The MEGA credits and program expansion did what was intended at a time when Michigan was struggling through the recession by retaining the key industries and jobs that are now helping our state lead the nation’s economic rebound,” Rep. Glenn said. “While those past financial commitments can be honored with gratitude we must now look to ensure a fiscally responsible and realistic future that is stable and sustainable for Michigan taxpayers.”The MEGA tax credits were greatly expanded in 2008, and even though the program was ended by the Republican-led Legislature and Gov. Rick Snyder in 2011, there is a taxpayer liability of $9.38 billion projected over the next 17 years, including a $325 million state obligation this budget year.Current state law allows the existing credits to be increased and extended further, but the legislation approved today by the committee will freeze the existing program and its credit liabilities.HB 4333-4334 now go to the full House for consideration. 29Apr House committee approves Rep. Glenn bill to prohibit MEGA tax credit extensions
21Feb Rep. Hernandez sets local office hours Categories: Hernandez News State Rep. Shane Hernandez will host local office hours on Friday, March 1 to meet with residents of Sanilac and St. Clair counties.“Input from the people in our community is essential to effectively representing you in Lansing,” Hernandez said. “One of my top priorities as a state legislator is being open and accessible to you. I welcome anyone to attend.”The office hours are scheduled for the following times and locations:10:30 a.m. at the Horseshoe Grill, 4000 Main St. in Brown City; and12 p.m. at the Mainstreet Café, 40 S. Elk St. in Sandusky.No appointment is necessary to attend office hours. Those unable to attend may contact Rep. Hernandez’s office by calling (517) 373-0835 or by email at ShaneHernandez@house.mi.gov.
The IBC exhibition had recorded 49,808 people through the door at 10.30 this morning, which IBC CEO Michael Crimp said was comparable with last year’s 50,462 and up on 2010. Crimp said that registrations had fallen a little behind on last year over the Olympics period, but had recovered ahead of the show. “At the end of the day we didn’t seem to be impacted by the Olympics,” he said. “However, it explains why we had a different pattern of registrations.”Crimp said that record space had been sold to exhibitors this year, which saw the introduction of a new hall, Hall 14, outside the Rai building. This introduced 6,000 sq. metres of additional space. IBC had sold 20,000 sq. metres of space for next year’s show as of last night, he said.Referring to the introduction of recording artist and Intel creative director will.i.am as a conference speaker at this year’s event, Crimp said that his session had attracted 500 viewers, filling the main conference Forum space. This year’s IBC marked the second year of the Leaders’ Summit, a closed session for media leaders, this year featuring FremantleMedia CEO Gary Carter as an after-dinner speaker.A ‘Rising Stars’ event for new entrants to the industry and students attracted 120 attendees, while the Innovation Awards had attracted a significant number of nominations from end users as well as vendors, said Crimp.Phil White, director of technology and events, highlighted Japanese broadcaster NHK’s 8K demonstration and the world premier of a movie – Hugo 3D – screened on a laser projector.IBC conference chairman Michael Lumley said this year’s show had seen the introduction of new formats, including breakfast briefings. The IBC Awards had given a genuine representation of the breadth of the industry, he said.