2005 House Bill 5108 ↩

Senate Roll Call 516: Passed

To reduce the alternative Single Business Tax rate charged to small businesses from 2 percent to 1.7 percent, and make other SBT cuts contingent on a "trigger" of state tax revenues rising faster than the rate of inflation plus one-percent plus $50 million. One of the "triggered" tax cuts would be a phase out the SBT that businesses pay on their employee health insurance costs. This now becomes part of a smaller business tax cut proposal offered by Senate Majority Leader Ken Sikkema, including <a href="http://www.michiganvotes.org/2005-SB-633">Senate Bill 633</a>, which would cut the regular SBT rate from 1.9 percent to 1.84 percent.