2007 House Bill 5330

Revise Michigan Business Tax insurance company provisions

Introduced in the House

Oct. 18, 2007

Introduced by Rep. Steve Bieda (D-25)

To allow insurance companies to claim tax credits authorized for other kinds of businesses under the new Michigan Business Tax (MBT) (and the old Single Business Tax) for contributions to Michigan public broadcasting stations, colleges and universities, libraries, and a certain housing and social welfare subsidy program run by the Michigan State Housing Development Authority (MSHDA).

Referred to the Committee on Tax Policy

Nov. 6, 2007

Reported without amendment

Without amendment and with the recommendation that the bill pass.