Introduced
by
To eliminate the state Single Business Tax (SBT), with the repeal effective Oct. 1, 2007. This is Michigan's tax on business operations, and it collects around $1.85 billion per year. The state and local governments also levy property tax on business tools and equipment. The state also levies many license, permit and other fees on certain types of operations.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Co-sponsored by Reps.
To establish as the intent of the legislature that any SBT replacement tax should be "less burdensome and less costly to employers, more equitable, and more conducive to job creation and investment," and should not include an increase in the rate or base of the income, sales or use taxes.
The amendment passed 103 to 3 (details)
Amendment offered
by
To abolish the SBT at the end of 2007, rather on Oct. 1.
The amendment passed by voice vote
Passed in the House 63 to 42 (details)
To eliminate the state Single Business Tax effective Jan. 1, 2008. This is Michigan's tax on business operations, and it collects around $1.85 billion per year. The state and local governments also levy property tax on business tools and equipment. The state also levies many license, permit and other fees on certain types of operations.
Motion
by
To give the bill immediate effect.
The motion failed 68 to 35 (details)
Motion
by
The motion failed 62 to 38 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Amendment offered
To prohibit replacing the tax with a new that is paid directly by individuals, including an increase in the rate or base of the income, sales, or use taxes, or property taxes levied on an individual's principle residence. The bill requires the governor's "council of economic advisors" to recommend a new tax to replace all or part of the SBT revenues by Jan. 1, 2007.
The amendment passed by voice vote
Amendment offered
by
To not eliminate the SBT unless another business tax that raises at least as much revenue has already been adopted.
The amendment failed 16 to 22 (details)
Passed in the Senate 21 to 17 (details)
To eliminate the state Single Business Tax, with the repeal effective Jan. 1, 2008. This is Michigan's tax on business operations, and it collects around $1.85 billion per year. The state and local governments also levy property tax on business tools and equipment. The state also levies many license, permit and other fees on certain types of operations. The bill prohibits replacing the tax with a new that is paid directly by individuals, including an increase in the rate or base of the income, sales, or use taxes, or property taxes levied on residential property (but not commercial or industrial property). The bill requires the governor's "council of economic advisors" to recommend a new tax to replace all or part of the SBT revenues by Jan. 1, 2007.
Amendment offered
by
To not eliminate the SBT unless another business tax that raises at least as much revenue has already been adopted.
Consideration postponed
Motion
To support the decision of the chair that the Bieda amendment requiring a replacement business tax before the SBT can be eliminated is not a proper amendment given that the issue is whether to concur with the Senate version of the bill.
The motion passed 57 to 49 (details)
Passed in the House 67 to 39 (details)
To eliminate the state Single Business Tax, with the repeal effective Jan. 1, 2008. The bill prohibits replacing the tax with a new that is paid directly by individuals, including an increase in the rate or base of the income, sales, or use taxes, or property taxes levied on residential property (but not commercial or industrial property). It also requires the governor's "council of economic advisors" to recommend a new tax to replace all or part of the SBT revenues by Jan. 1, 2007.
Received
To give the bill immediate effect.
Passed in the House 64 to 42 (details)
