2008 House Bill 5835

Reduce MBT small business tax credit

Introduced in the House

Feb. 28, 2008

Introduced by Rep. Steve Bieda (D-25)

To lower the gross receipts threshold at which a small business Michigan Business Tax credit begins to phase out. The current threshold is $19 million in gross receipts, and the bill would lower this to $18 million.

Referred to the Committee on Tax Policy

March 5, 2008

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.