2003 Senate Bill 419

Introduced in the Senate

April 29, 2003

Introduced by Sen. Bob Emerson (D-27)

To prohibit “flow-through” and subsidiary business entities from shifting unrealizable single business tax credit and loss carry-forwards to the parent company, or vice versa. 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