2007 House Bill 4546 (Replace SBT with business income tax )

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Introduced by Rep. Kenneth Horn on March 29, 2007, to impose a 3.05 percent profits tax on businesses with annual gross receipts exceeding $350,000, as a replacement for the Single Business Tax (SBT), which is repealed as of the end of 2007. This “Michigan Commercial Activity Tax” would also impose a modified gross receipts tax on insurance companies of 0.010735 percent on the firm’s tax base as defined in the bill. The bill would establish a variety of tax breaks and credits for various activities and investments.
- Referred to the House Tax Policy Committee on March 29, 2007.

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Comments

Introduced by Rep. Kenneth Horn on March 29, 2007. New Comment

1) Take a Stand ... [by Mike Hignite on April 23, 2007]
... in support of the beleaguered Michigan taxpayer. PLEASE do not replace the single business tax with a job killing corporate tax. Give us a chance to recover. PLEASE cut spending until we can match the existing expected revenues. Make a list of priority funding in order, and start eliminating from the bottom. That's what the rest of us taxpayers do. We make hard choices. Please don't take the (temporarily) easy way out and raise taxes.
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2) mike... are you trying to [by Anonymous Citizen on April 23, 2007]
tell the denizens of lansing to GROW A SPINE???

THEY CAN'T. ALMOST HALF OF THEM ARE DEMOCRATS.

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3) Great! [by Anonymous Citizen on April 4, 2007]
I'll be dinged even more than before. Warmer climes, here I come. Just as soon as I sell the house.
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4) you could be here for [by Anonymous Citizen on April 4, 2007]
years.
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