Introduced
by
To eliminate a provision in current law that postpones an annual one-tenth percent Single Business Tax (SBT) cut if the balance in the Budget Stabilization Fund (BSF, or “rainy day fund”) falls below $250 million. See <a href="http://www.michiganvotes.org/2005-HB-4354">House Bill 4354</a> for more details. This is part of a package comprised of House Bills 4969 to 4974, which contain the tax cut portions of <a href="http://www.michiganvotes.org/2005-HB-4476">Gov. Jennifer Granholm’s SBT revision proposal</a>, but not the tax increases that make the governor’s proposal revenue-neutral. See <a href="http://www.michiganvotes.org/2005-HB-4354">House Bill 4354</a> for more details.
Referred to the Committee on Tax Policy
