Legislation watch
2007 House Bill 5104 (Revise “deferred assets” taxation under new state business tax ) (House Roll Call 439)
Passed in the House (109 to 0) on September 30, 2007. [History, Amendments & Comments]
The vote was 109 in favor, 0 opposed, and 1 not voting
(House Roll Call 439 at House Journal 101)
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The following legislators supported 2007 House Bill 5104 (Revise “deferred assets” taxation under new state business tax ):
The following legislators opposed 2007 House Bill 5104 (Revise “deferred assets” taxation under new state business tax ):
The following legislators did not vote on 2007 House Bill 5104 (Revise “deferred assets” taxation under new state business tax ):
| Agema (R) |
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1) OMgclMDRXpu [by Anonymous Citizen on March 20, 2008]yjxMSd Cool, bro!
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Introduced in the House on August 8, 2007, to revise the profits tax component of the new ”Michigan Business Tax” to correct a provision that reportedly could create the unintended consequence of imposing much higher taxes on businesses due to a new accounting standard related to “deferred assets” (“FAS 109”). The bill is "tie-barred" to House Bill 5194, meaning this bill cannot become law unless that one does also. HB 5194 is the "vehicle" bill for a possible increase in the state income tax from 3.9 percent to 4.6 percent
The vote was 108 in favor, 0 opposed and 2 not voting
(House Roll Call 389 at House Journal 94)
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