Introduced
by
To eliminate an earmark of revenue from the Michigan Business Tax Act to the School Aid Fund. The MBT has been replaced by a new corporate income tax, but some firms that were given targeted tax breaks and subsidies still pay under it. The bill is said to correct an oversight from when the new tax was created.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 85 to 22 (details)
Referred to the Committee on Finance
Passed in the Senate 22 to 15 (details)
To eliminate an earmark of revenue from the Michigan Business Tax Act to the School Aid Fund. The MBT has been replaced by a new corporate income tax, but some firms that were given targeted tax breaks and subsidies still pay under it. The bill is said to correct an oversight from when the new tax was created.
