2004 House Bill 5708 ↩

House Roll Call 260: Failed

To eliminate the link between the Michigan estate tax and the federal estate tax, which would establish a permanent Michigan 5.3 percent estate tax on estates of $1 million or more. Assets attributable to family owned businesses, including farms, would be excluded from taxation. This would increase the amount of tax paid by estates by $90 to $120 million a year.