Introduced
by
To require the governor to annually report details specified in the bill regarding business losses claimed under the Michigan Business Tax, tax credits and exemptions claimed, the amount of “foregone” revenue from these credits and exemptions (using a static analysis assuming no change in taxpayer behavior), and other details regarding the new MBT.
Referred to the Committee on Finance
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 37 to 0 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 108 to 0 (details)
To require the governor to annually report details specified in the bill regarding business losses claimed under the Michigan Business Tax, tax credits and exemptions claimed, the amount of “foregone” revenue from these credits and exemptions (using a static analysis assuming no change in taxpayer behavior), and other details regarding the new MBT.
