2012 House Bill 6023 / Public Act 405

Revise MBT detail

Introduced in the House

Nov. 8, 2012

Introduced by Rep. Jud Gilbert (R-81)

To eliminate an earmark of revenue from the Michigan Business Tax Act to the School Aid Fund. The MBT has been replaced by a new corporate income tax, but some firms that were given targeted tax breaks and subsidies still pay under it. The bill is said to correct an oversight from when the new tax was created.

Referred to the Committee on Tax Policy

Nov. 27, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Passed in the House 85 to 22 (details)

Received in the Senate

Nov. 28, 2012

Referred to the Committee on Finance

Dec. 12, 2012

Passed in the Senate 22 to 15 (details)

To eliminate an earmark of revenue from the Michigan Business Tax Act to the School Aid Fund. The MBT has been replaced by a new corporate income tax, but some firms that were given targeted tax breaks and subsidies still pay under it. The bill is said to correct an oversight from when the new tax was created.

Signed by Gov. Rick Snyder

Dec. 20, 2012