2015 Senate Bill 167

Revise MBT detail

Introduced in the Senate

Feb. 26, 2015

Introduced by Sen. Jack Brandenburg (R-8)

To establish that “purchases from other firms,” which are excluded from the base used in calculating taxable gross receipts under the Michigan Business Tax, include certain costs “incurred to acquire inventory” regardless of whether it was in the original purchase agreement.

Referred to the Committee on Finance