2006 House Bill 6362

Establish no impairment of SBT tax breaks upon repeal

Introduced in the House

Aug. 23, 2006

Introduced by Rep. Steve Bieda (D-25)

To establish when the Single Business Tax is eliminated after Dec. 31, 2007, if it is replaced with a different business tax, then a firm that had been promised SBT tax breaks may claim a tax break against the new tax equivalent to its previous tax.

Referred to the Committee on Tax Policy