2006 House Bill 6008

Increase SBT "cliff" threshold

Introduced in the House

April 27, 2006

Introduced by Rep. John Moolenaar (R-98)

To increase from $350,000 to $1 million the Single Business Tax “cliff” or filing threshold. This is the amount of annual gross receipts that subjects a business to the tax. Below the “cliff” a business pays no tax; above it, a business pays SBT on its entire tax base, which is why it is called the “cliff”.

Referred to the Committee on Tax Policy