October 15, 2009, 1:07PM
LANSING — Michigan lawmakers are agreeing to award more tax incentives for economic development this year, as long as the state reports the number of jobs created and retained by companies getting the tax credits.
The 37-member Senate on Thursday overwhelmingly approved a package of four bills after reaching a compromise with the House and Gov. Jennifer Granholm's administration. The House is expected to vote on the package later in the day.
The governor has warned some economic development projects may not go through without legislative action. The state would be out of tax credits for 2009 if the bills didn't pass.