Introduced
by
To increase the value of the excess compensation Single Business Tax deduction for a business that “has more than 1,000 employees and whose primary business is to supply temporary staffing employees.” According to the Senate Fiscal Agency roughly 10 firms in Michigan could potentially qualify under the provisions of the bill, and it could save each as much as $350,000.
Referred to the Committee on Economic Development, Small Business, and Regulatory Reform
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 22 to 15 (details)
Referred to the Committee on Tax Policy
