2006 House Bill 6679

Gov. Granholm’s “Michigan Business Tax”

Introduced in the House

Nov. 30, 2006

Introduced by Rep. Dianne Byrum (D-67)

To amend the law authorizing plant rehabilitation and industrial development district tax breaks to conform to the new “Michigan Business Tax” proposed by House Bill 6676, which among other things replaces state property taxes on business tools and equipment (but not local taxes on these) with new business profits, assets and gross sales taxes.

Referred to the Committee on Tax Policy