Introduced
by
To exclude from the definition of gross receipts subject to Michigan Business Tax certain loan proceeds or interest expenses incurred by a stock or commodity broker.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-3) 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 passed by voice vote
Passed in the House 103 to 0 (details)
Referred to the Committee of the Whole
Passed in the Senate 34 to 0 (details)
To exclude from the definition of gross receipts subject to Michigan Business Tax certain loan proceeds or interest expenses incurred by a stock or commodity broker.
