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• Introduced by Sen. Mark Jansen (R) on January 14, 2009, to reduce the 21.99 percent Michigan Business Tax surcharge (imposed on businesses as part of a $1.4 billion tax hike passed in 2007 to avoid government spending reductions) to 11 percent in 2009, and end it after that, except for financial institutions.
  • Referred to the Senate Finance Committee on January 14, 2009.
    • Reported to the Senate on January 28, 2009, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on January 28, 2009, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed by voice vote in the Senate on January 28, 2009.
  • Amendment offered by Sen. Samuel B. Thomas, III (D) on January 29, 2009, to tie-bar the bill to Senate Bills 29-31, meaning this bill cannot become law unless that one does also. Those bills would prohibit enforcement of residential mortgage loan contracts for two years, and authorize state borrowing for delinquent mortgage loan guarantees. The amendment failed 16 to 20 in the Senate on January 29, 2009.
    Who Voted "Yes" and Who Voted "No"
• Passed 25 to 11 in the Senate on January 29, 2009, to reduce the 21.99 percent Michigan Business Tax surcharge (imposed on businesses as part of a $1.4 billion tax hike passed in 2007 to avoid government spending reductions) to 11 percent in 2009, and end it after that, except for financial institutions.
  Who Voted "Yes" and Who Voted "No"
• Received in the House on February 4, 2009.
  • Referred to the House Tax Policy Committee on February 4, 2009.