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
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one which incorporates technical changes that do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 99 to 6 (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 substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one which incorporates technical changes that do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 32 to 5 (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 92 to 14 (details)
To concur with the Senate-passed version of the bill.
