2008 Senate Bill 1242

Phase out 22 percent MBT surcharge

Introduced in the Senate

March 27, 2008

Introduced by Sen. Mark Jansen (R-28)

To phase out over three years the <a href="http://www.michiganvotes.org/2007-HB-5408">21.99 percent Michigan Business Tax surcharge</a> imposed on businesses as part of a $1.4 billion tax hike passed in 2007 to avoid government spending reductions. The surtax would be eliminated in 2011.

Referred to the Committee on Finance

Oct. 2, 2008

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 26 to 12 (details)

Received in the House

Oct. 15, 2008

Referred to the Committee on Tax Policy