2007 House Bill 5408 ↩

House Roll Call 524: Passed

To impose a 32.9 percent surcharge on businesses subject to the Michigan Business Tax, and repeal the new <a href="http://www.michiganvotes.org/2007-HB-5198">6 percent tax on many services</a>. After the 2008 tax year the surcharge would be 27.3 percent. The rate was determined by the desire to take in $614 million to avoid spending cuts in Fiscal Year 2008, and $750 million in 2009. Small businesses (gross sales below $10 million and earnings below $475,000) would be exempt, and there would be a $2 million surcharge cap on the amount of surcharge imposed on any particular company, so the the full surcharge rate would only be imposed on medium size firms.