2008 Senate Bill 1242: Phase out 22 percent MBT surcharge

Introduced by Sen. Mark Jansen R- on March 27, 2008

To phase out over three years the 21.99 percent Michigan Business Tax surcharge imposed on businesses as part of a $1.4 billion tax hike passed in 2007 to avoid government spending reductions. The surtax would be eliminated in 2011. Official Text and Analysis.

Referred to the Senate Finance Committee on March 27, 2008

Reported in the Senate on October 2, 2008

With the recommendation that the bill pass.

Received in the House on October 15, 2008

Referred to the House Tax Policy Committee on October 15, 2008