Introduced by Sen. Nancy Cassis (R) on January 27, 2009, to revise the formula that a business may use to compute its Michigan Business Tax liability for the 2008 tax year, or for the portion of its first fiscal tax year under the new MBT. The bill would allow a firm to prorate its Michigan Business Tax liability for the initial 2008 tax year.
Referred to the Senate Finance Committee on January 27, 2009.
Reported to the Senate on February 3, 2009, with the recommendation that the bill pass.
Referred to the House Tax Policy Committee on February 5, 2009.
Reported in the House on April 1, 2009, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on December 3, 2009, to replace the previous version of the bill with one that revises various details, but does not change its substance. This version was subsequently superseded by another substitute with more changes. The substitute failed by voice vote in the House on December 3, 2009.
Substitute offered by Rep. Kate Ebli (D) on December 3, 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 House on December 3, 2009.
Passed 104 to 0 in the House on December 3, 2009, to revise the formula that a business may use to compute its Michigan Business Tax liability for the 2008 tax year, or for the portion of its first fiscal tax year under the new MBT. The bill would allow a firm to prorate its Michigan Business Tax liability for the initial 2008 tax year. Who Voted "Yes" and Who Voted "No"
Received in the Senate on December 8, 2009.
Passed 37 to 0 in the Senate on December 8, 2009, to concur with the House-passed version of the bill. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Jennifer Granholm on December 17, 2009.