2007 House Bill 5408 ↩

House Roll Call 539: Passed

To impose a 25.7 percent surcharge on businesses subject to the Michigan Business Tax, and repeal the new <a href="http://www.michiganvotes.org/2007-HB-5198">6 percent tax on many services</a>. The surcharge will take in enough from firms doing business in Michigan to replace all of the $614 million the service tax would have imposed to avoid spending cuts in Fiscal Year 2008, and $750 million in 2009 and 2010. There would be a $4.75 million cap on the amount of surcharge imposed on any particular company. The surcharge would be permanent, and after 2008 the rate would be 23.4 percent.