Comments on this legislation    Post new comment    Text and Analysis    Add to Watch List 
  Previous   Next 

• Introduced by Sen. Nancy Cassis (R) on June 27, 2008, to exempt the gain to businesses from the accelerated capital equipment depreciation allowed under the 2008 federal “stimulus” program from the basis on which the income tax component of the Michigan Business Tax is calculated.
  • Referred to the Senate Finance Committee on June 27, 2008.
    • Reported in the Senate on December 10, 2008, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.