2005 House Bill 4973 ↩

House Roll Call 362: Passed

To revise the “sales factor apportionment” in the formula that determines the base on which a company’s Single Business Tax is levied. This provision relates to how much of a company’s sales are outside vs. within Michigan, which is one of the elements of a firm’s SBT base. The bill would phase in an apportionment formula based 100 percent on sales by 2008, eliminating property and payroll factors. The bill is part of a tax revision package that trades off tax cuts with certain increased tax levies and other measures to create a net business tax cut. See House Bill 5108.