2013 Senate Bill 367 / Public Act 266

Revise business profits tax detail

Introduced in the Senate

May 21, 2013

Introduced by Sen. Jack Brandenburg (R-11)

To revise details of the state tax on business profits to clarify when related companies are considered an “affiliated group” for tax purposes.

Referred to the Committee on Finance

June 18, 2013

Reported without amendment

With the recommendation that the bill pass.

June 19, 2013

Passed in the Senate 37 to 0 (details)

Received in the House

June 20, 2013

Referred to the Committee on Tax Policy

Dec. 11, 2013

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Substitute offered

The substitute (H-2) was adopted,.

The substitute passed by voice vote

Dec. 12, 2013

Passed in the House 108 to 1 (details)

To revise details of the state tax on business profits to clarify when related companies are considered an “affiliated group” for tax purposes.

Received in the Senate

Dec. 12, 2013

Passed in the Senate 37 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 26, 2013