2005 Senate Bill 633 (Cut SBT tax rate) (Senate Roll Call 510)
Passed in the Senate (22 to 16) on October 25, 2005, to lower the Single Business Tax rate from 1.9 percent to 1.84 percent, and make more restrictive the thresholds that allow a firm to use the alternative gross receipts tax calculation method, or to claim an "excess compensation" SBT credit. This becomes part of a business tax cut proposal offered by Senate Majority Leader Ken Sikkema as an alternative to a larger tax cut passed by the House. [History, Amendments & Comments]
The vote was 22 in favor, 16 opposed, and 0 not voting
(Senate Roll Call 510 at Senate Journal 94)
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The following legislators supported 2005 Senate Bill 633 (Cut SBT tax rate):
The following legislators opposed 2005 Senate Bill 633 (Cut SBT tax rate):
| Barcia (D) | Basham (D) | Bernero (D) | Brater (D) | Cherry (D) | Clark-Coleman (D) |
| Clarke (D) | Emerson (D) | Jacobs (D) | Leland (D) | Olshove (D) | Prusi (D) |
| Schauer (D) | Scott (D) | Switalski (D) | Thomas (D) |
The following legislators did not vote on 2005 Senate Bill 633 (Cut SBT tax rate):
Most Recent Comments
1) Kudos Nancy [by Mike Hignite on August 30, 2005]Excellent! Now that's what I call legislation. Any decrease in taxes is a good thing.
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Introduced in the Senate on June 22, 2005, to lower the Single Business Tax rate from 1.9 percent to 1.84 percent, and make more restrictive the thresholds that allow a firm to use the alternative gross receipts tax calculation method, or to claim an "excess compensation" SBT credit. This becomes part of a business tax cut proposal offered by Senate Majority Leader Ken Sikkema as an alternative to a larger tax cut passed by the House
The vote was 22 in favor, 16 opposed and 0 not voting
(Senate Roll Call 510 at Senate Journal 94)
Click here to view bill details.
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