2005 Senate Bill 633 ↩

Senate Roll Call 510: Passed

To lower the Single Business Tax rate from 1.9 percent to 1.84 percent, and make more restrictive the thresholds that allow a firm to use the alternative gross receipts tax calculation method, or to claim an "excess compensation" SBT credit. This becomes part of a business tax cut proposal offered by Senate Majority Leader Ken Sikkema as an alternative to a <a href="http://www.michiganvotes.org/RollCall.aspx?ID=173410">larger tax cut passed by the House</a>.