2011 House Bill 4951 / Public Act 171

Corporate Income Tax “cleanup” package

Introduced in the House

Sept. 13, 2011

Introduced by Rep. Lisa Posthumus Lyons (R-86)

To make a number of clarifications, corrections or technical adjustments to provisions of the state income tax related to the taxation of businesses. The package consists of House Bills 4937 to 4968. This bill makes a technical change to the definition of "financial institution".

Referred to the Committee on Tax Policy

Sept. 14, 2011

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 20, 2011

Amendment offered by Rep. Lisa Posthumus Lyons (R-86)

To clarify that the bill also applies to "chartered" banks and savings banks.

The amendment passed by voice vote

Sept. 21, 2011

Passed in the House 77 to 31 (details)

Received in the Senate

Sept. 22, 2011

Sept. 28, 2011

Passed in the Senate 26 to 12 (details)

To make a number of clarifications, corrections or technical adjustments to provisions of the state income tax related to the taxation of businesses. The package consists of House Bills 4937 to 4968. This bill makes a technical change to the definition of "financial institution".

Signed by Gov. Rick Snyder

Oct. 11, 2011