Introduced
by
To extend state Income Tax and Single Business Tax liability to revenue on which the oil and gas Severance Tax has already been imposed, notwithstanding a provision in the severance tax law which indicates that it is imposed in lieu of other taxes. 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
