2005 Senate Bill 634 ↩

House Roll Call 757: 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 components of this Value Added Tax (VAT). The bill would reduce from 5 percent to 2.5 percent each the weighting or apportionment that is based on in-state payroll and property, and increase the sales factor from 90 percent to 95 percent.