Introduced
by
To exempt “foreign persons” or companies not liable for U.S. federal taxes from taxation under the Michigan Business Tax. Reportedly this would be to retain the arrangement by which Michigan and Canada do not levy business tax on the other's firms. However the bill does not restrict the exemption to just Canadian firms.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that limits the exemption to firms located in a "subnational jurisdiction" (presumably a Canadian province) that does not levy a tax on Michigan companies doing business there (but located here).
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To exempt companies located in a "subnational jurisdiction" (presumably a Canadian province) that does not levy a tax on Michigan companies doing business there from taxation under the Michigan Business Tax. Reportedly this would be to retain the arrangement by which Michigan and Canada do not levy business tax on the other's firms.
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
Amendment offered
by
To tie-bar the bill to Senate Bill 1038, meaning this bill cannot become law unless that one does also. SB 1038 excludes revenue from various business activities from the definition of gross receipts subject to the Michigan Business Tax.
The amendment passed by voice vote
Passed in the House 68 to 32 (details)
To exempt companies located in a "subnational jurisdiction" (presumably a Canadian province) that does not levy a tax on Michigan companies doing business there from taxation under the Michigan Business Tax. Reportedly this would be to retain the arrangement by which Michigan and Canada do not levy business tax on the other's firms.
To concur with the House-passed version of the bill.
Passed in the Senate 36 to 0 (details)
