Introduced
by
To exempt from Single Business Tax (SBT) liability the proceeds a firm receives from federal small business innovation research grants, small business technology transfer programs, or grants from the Michigan technology tri-corridor SBIR emerging business fund administered by the Michigan Economic Development Corporation.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To limit the proposed tax deduction to the extent the grant income is included in federal taxable income.
The amendment passed by voice vote
Passed in the House 102 to 4 (details)
To exempt from Single Business Tax (SBT) liability the proceeds a firm receives from federal small business innovation research grants, small business technology transfer programs, or grants from the Michigan technology tri-corridor SBIR emerging business fund administered by the Michigan Economic Development Corporation.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
