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Mon August 29, 2011
Michigan Democrats propose extending battery tax breaks
LANSING, Mich. (AP) - Democrats in the Michigan Legislature say they want to revive tax incentives specifically set aside for advanced battery manufacturers.
The industry-specific tax credits are among those scheduled to be phased out under tax policy changes approved by the Republican-led Michigan Legislature and Gov. Rick Snyder.
Democrats say Monday they'll support bills that would continue the industry-specific credits for battery production, facility construction and related activities.
The Democratic plan also would include tax credits for buying electric vehicles and charging stations.
Michigan's tax credit program and federal assistance have helped several battery manufacturers get started in the state. Credits that already have been granted will be honored. But Snyder and Republicans say they don't want to pick winners and losers with industry-specific tax credit programs.