2011 House Bill 4361 ↩

House Roll Call 88: Passed

To replace the Michigan Business Tax with a 6 percent corporate income tax; eliminate several corporate tax breaks and subsidies; repeal a gradual cut in the personal income rate from 4.25 percent to 3.95 percent; scale-back the current income tax exemption for pension income; replace the Earned Income Tax credit with a $25 per child payment to low income parents eliminate or reduce other income tax deductions and credits including the homestead property tax credit, personal exemption and dependent child credit; and make many other tax code revisions. For details see House Fiscal Agency <a href="http://www.legislature.mi.gov/documents/2011-2012/billanalysis/House/pdf/2011-HLA-4361-3.pdf">analysis</a>.