2007 House Bill 4338 (Require tax withholding for certain MSHDA contractors )

[Comments on this legislation] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

• Introduced by Rep. Joel Sheltrown on February 28, 2007, to require income tax withholding of earnings distriutions to out-of-state partners by “flow through entities,” who are housing developers that get mortgages from the Michigan Housing Development Authority (MSHDA) in return for agreeing to provide a certain number of low income of middle income housing units in a development project. "Flow through entity" is a form of business organization in which gains, losses, deductions, and credits are not taxed to the entity itself, but rather "flow-through" to the individual partner's or member's tax returns.
  • Referred to the House Tax Policy Committee on February 28, 2007.
    • Reported in the House on March 28, 2007, without amendment and with the recommendation that the bill pass.
• Passed in the House (106 to 1) on March 29, 2007. [Vote Details and Comments]
• Received in the Senate on April 17, 2007.
  • Referred to the Senate Finance Committee on April 17, 2007.

Comments

Introduced by Rep. Joel Sheltrown on February 28, 2007. Passed in the House (106 to 1) on March 29, 2007. New Comment