Introduced
by
To eliminate the selective business tax breaks that have been granted to certain small start-up firms chosen by government “economic development” agency officials, and which are able to classify more than 15 percent of their expenses as “research and development.” The bill is part of a package that repeals a number of targeted tax breaks and subsidies (House Bills 6108 to 6119, and HB 5249), using the revenue that is now forgone because of these to cut the Michigan Business Tax rate for all firms (House Bills 6103 to 6107).
Referred to the Committee on Tax Policy
