Introduced
by
To require that the <a href="http://www.michiganvotes.org/2007-HB-5408">21.99 percent Michigan Business Tax surcharge</a> imposed on businesses in 2007 to avoid government spending reductions be lowered if the amount it takes from Michigan business exceeds the amount projected by more than $100 million for two years in a row. The reduction would be the amount estimated to reduce the average amount of excess revenue during those two years to the amount originally projected.
Referred to the Committee on Finance
