2008 Senate Bill 1052 / Public Act 434

Revise MBT provisions

Introduced in the Senate

Jan. 23, 2008

Introduced by Sen. Mark Jansen (R-28)

To revise a provision of the new Michigan Business Tax that defines a “foreign operating entity” to delete the reference to the Commonwealth of Puerto Rico.

Referred to the Committee on Finance

Feb. 5, 2008

Reported without amendment

With the recommendation that the bill pass.

Feb. 6, 2008

Amendment offered

To clarify a technical provision in the bill so the language of the amended law is internally consistent.

The amendment passed by voice vote

Feb. 12, 2008

Passed in the Senate 37 to 0 (details)

Received in the House

Feb. 12, 2008

Referred to the Committee on Tax Policy

Dec. 11, 2008

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 19, 2008

Substitute offered by Rep. George Cushingberry (D-8)

To replace the previous version of the bill with one that makes business tax revisions primarily benefitting Consumers Energy and Detroit Edison power companies.

The substitute passed by voice vote

Passed in the House 61 to 32 (details)

To revise a certain Michigan Business Tax credit in a manner that primarily benefits Consumers Energy and Detroit Edison power companies, and also revise a provision of the tax that defines a “foreign operating entity” to delete the reference to the Commonwealth of Puerto Rico.

Received

To concur with the Senate-passed version of the bill.

Passed in the House 60 to 30 (details)

Received in the Senate

Dec. 19, 2008

Amendment offered by Sen. Jud Gilbert (R-25)

To clarify a technical change in a definition contained in the bill.

The amendment passed by voice vote

Amendment offered by Sen. Mark Schauer (D-19)

The amendment passed by voice vote

Passed in the Senate 26 to 5 (details)

To revise a certain Michigan Business Tax credit in a manner that primarily benefits Consumers Energy and Detroit Edison power companies, and also revise a provision of the tax that defines a “foreign operating entity” to delete the reference to the Commonwealth of Puerto Rico.

Signed by Gov. Jennifer Granholm

Dec. 31, 2008