2011 House Bill 4091

Transform MBT into corporate income tax only

Introduced in the House

Jan. 18, 2011

Introduced by Rep. Ken Horn (R-94)

To eliminate the “modified gross receipts tax” component of the Michigan Business Tax, and change the rate of the remaining corporate income tax portion to 6 percent. This is what Gov. Rick Snyder has proposed, and would result in a substantial net reduction in state business tax levies.

Referred to the Committee on Tax Policy