Introduced
by
To cut the rate of income tax levied on premiums paid to preferred provider organization type health insurance. The current rate is 1.25 percent, and the bill would change this to 1.05 for premiums collected from residents.
Referred to the Committee on Michigan Competitiveness
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 36 to 0 (details)
To cut the rate of a business income tax levied on health insurers that is assessed on the basis of the revenue from insurance premiums paid by customers. The current rate is 1.25 percent, and the bill would change this to 0.95 percent for premiums collected from residents.
Referred to the Committee on Michigan Competitiveness
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 104 to 4 (details)
To cut the rate of a business income tax levied on health insurers that is assessed on the basis of the revenue from insurance premiums paid by customers. The current rate is 1.25 percent, and the bill would change this to 0.95 percent for premiums collected from residents.
