LANSING -- The Michigan Senate has voted to authorize another $200 million in tax breaks to encourage the development of batteries at the heart of next-generation electric vehicles.Gov. Jennifer Granholm signed a law in January offering $335 million in refundable tax credits for developing, manufacturing and assembling advanced batteries in Michigan.
A bill approved Tuesday would let the Michigan Economic Growth Authority sign two more tax credit deals for the construction of integrative cell manufacturing facilities. And the deadline to reach agreements would be extended from August of this year to October.
The credits couldn't be claimed before 2012.
The tax breaks could reach Granholm's desk soon because the state House is working to pass similar legislation.
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