2001 Senate Bill 775 / Public Act 278

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Introduced in the Senate

Oct. 23, 2001

Introduced by Sen. Willis Bullard (R-15)

To revise a Single Business Tax (SBT) base exemption that applies to the international operation of an aircraft owned by a foreign corporation. The bill begins a planned SBT exemption for these operations, intended to facilitate reciprocal foreign tax exemptions for U.S. companies, in the year 2000, rather than 2001.

Referred to the Committee on Finance

Oct. 31, 2001

Passed in the Senate 35 to 0 (details)

Received in the House

Oct. 31, 2001

Dec. 13, 2001

Passed in the House 87 to 12 (details)

Received in the Senate

Dec. 13, 2001

Signed by Gov. John Engler

Dec. 31, 2001