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Legislation watch
2008 Senate Bill 1198: Revise small business tax rate restrictions
Introduced by Sen. Nancy Cassis R- on March 11, 2008
To increase the maximum earnings cap and executive compensation cap that limit certain a firm’s eligibility for the lower Michigan Business Tax small business rate, extend an MBT " entrepreneurial tax credit" beyond 2010, and increase the value of that credit. Official Text and Analysis.
Referred to the Senate Finance Committee on March 11, 2008
Amendment offered by Sen. Michael Prusi D- on April 22, 2008
To tie-bar the bill to Senate Bill 86, meaning this bill cannot become law unless that one does also. SB 86 would increase the maximum length of time an individual may receive unemployment insurance benefits from 26 weeks to 39 weeks.
The amendment failed 19 to 19 in the Senate on April 22, 2008.
See Who Voted "Yes" and Who Voted "No".
See Who Voted "Yes" and Who Voted "No".
Received in the House on April 22, 2008
Referred to the House Tax Policy Committee on April 22, 2008