Introduced
by
To cut the rate of the “modified gross receipts” component of the Michigan Business Tax from 0.80 percent to 0.70 percent. Senate Fiscal Agency <a href="http://www.legislature.mi.gov/(S(gjya54yfzzfbsv45fpbxzxrp))/mileg.aspx?page=getobject&objectname=2007-sb-0094">analysis</a> of the tax at the time it was adopted suggest that this component accounts for approximately 60 percent of the money the tax takes from businesses.
Referred to the Committee on Tax Policy
