2008 House Bill 6154

Revise MBT gross receipts tax provision

Introduced in the House

May 22, 2008

Introduced by Rep. Michael Sak (D-76)

To establish that “purchases from other firms,” which are excluded from the base used in calculating taxable gross receipts under the Michigan Business Tax, include rented or leased assets which are depreciable under federal tax law.

Referred to the Committee on Tax Policy