Introduced
by
To repeal certain limitations on insurance companies claiming the employee compensation tax credits against the new Michigan Business Tax (MBT) that other types of businesses may claim.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that reduces but does not eliminate the limitations on insurance companies claiming employee compensation tax credits against the new Michigan Business Tax (MBT).
The substitute passed by voice vote
Passed in the House 107 to 0 (details)
To reduce (but not eliminate) certain limitations on insurance companies claiming the employee compensation tax credits against the new Michigan Business Tax (MBT) that other types of businesses may claim.
Referred to the Committee on Finance