Introduced
by
To collect more income tax from non-residents, by expanding the types of income earned by non-residents which are considered "business income," and are therefore subject to Michigan's income tax. This bill is one of many authorizing “revenue enhancements” which Gov. Jennifer Granholm has proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget. The Senate Fiscal Agency estimates the bill would increase income tax collected from taxpayers by some $6 million in FY 2003-04.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To limit the authority of the Department of Treasury to expand the definition of taxable business income earned in Michigan by out-of-state firms. Instead, expansions of the definition beyond those specified in the bill would require legislative approval.
The amendment passed 57 to 47 (details)
Amendment offered
by
To require the Department of Treasury to report to the legislature in two years on the impact of the bill on the tax liability of resident and nonresident taxpayers.
The amendment passed by voice vote
Passed in the House 71 to 34 (details)
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 which incorporates technical changes that do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 34 to 4 (details)
To collect more income tax from non-residents, by expanding the types of income earned by non-residents which are considered "business income," and are therefore subject to Michigan's income tax. This bill is one of many authorizing “revenue enhancements” which Gov. Jennifer Granholm has proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget. The Senate Fiscal Agency estimates the bill would increase income tax collected from taxpayers by some $6 million in FY 2003-04.
Amendment offered
by
To specify that the intention of the bill is only to clarify the definition and scope of business income as originally intended by the legislature, not expand it.
The amendment failed by voice vote
Passed in the House 86 to 20 (details)
To concur with the Senate-passed version of the bill.
