Introduced
by
To expand non-resident income tax liabilities by requiring "flow-through entities" such as limited liability companies, partnerships, limited liability partnerships, limited partnerships, and “S” corporations, with non-resident individuals as members, partners and shareholders, to file composite income tax returns and pay the tax on distributive income for their members, partners and shareholders. House Bills 4558 to 4565 would amend various sections of the Income Tax Act to accomplish this. This bill is one of many authorizing “revenue enhancements” which Gov. Jennifer Granholm has proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 101 to 4 (details)
To collect more Michigan income tax from non-resident members, partners and shareholders of certain limited liability companies, partnerships, and “S” corporations. This bill is one of many authorizing “revenue enhancements” which Gov. Jennifer Granholm has proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To tie-bar the bill to House Bill 4561, which deals with flow-through entities which own casinos or racetracks.
The amendment passed by voice vote
Passed in the Senate 36 to 2 (details)
To collect more Michigan income tax from non-resident members, partners and shareholders of certain limited liability companies, partnerships, and “S” corporations. This bill is one of many authorizing “revenue enhancements” which Gov. Jennifer Granholm has proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
Passed in the House 97 to 7 (details)
To concur with the Senate-passed version of the bill.
