To eliminate the “modified gross receipts tax” component of the Michigan Business Tax, and change the rate of the remaining corporate income tax portion to 6 percent. This is what Gov. Rick Snyder has proposed, and would result in a substantial net reduction in state business tax levies.   Official Text and Analysis.

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

To adopt a version of the bill that incorporates all of Gov. Rick Snyder's income and business tax proposals. For complete details see House Fiscal Agency analysis.

To revise various definitions that affect details of certain business and personal income tax deductions and credits.

To not reduce the current pension exemption in the personal income tax. Under the bill, goverment employee pension income for taxpayers born before 1946 would still be fully exempt, and for others, pension income below $45,120 would be exempt. Those born between 1946 and 1952 would have a partial exemption, and those born later no exemption until age 67, when they would get a limited exemption.

To retain the state Earned Income Tax Credit (EITC), rather than replacing it with a $25 per child payment to low income parents. The EITC is a refundable tax credit (or “reverse income tax”) that sends checks to low income workers. Under it, more than $300 million worth of Michigan tax revenue is redistributed annually to workers who have low incomes.

To not repeal an income tax credit for donations to municipal art projects, public broadcasting stations, libraries, universities, etc.

To not repeal an income tax credit for donations to homeless shelters, food banks and similar institutions.

To not repeal certain corporate subsidies and tax breaks for developers who rehab or redevelop certain “brownfield” properties.

To not repeal certain corporate subsidies and tax breaks for developers who rehab or redevelop certain “brownfield” properties.

To not repeal certain corporate subsidies and tax breaks for developers who rehab or redevelop certain “brownfield” properties.

To not repeal certain corporate subsidies and tax breaks for developers who rehab or redevelop certain “historic resource” properties.

To revise the definition of “household resources” in a way that would raise the income cap on eligibility for certain personal income tax credits.

To earmark to the School Aid Fund an amount of revenue from the new corporate income tax that is equal to the amount distributed to the SAF by the Michigan Business Tax (which collected much more total revenue than the new tax).

To not repeal the unlimited state subsidy for film producers.

To replace the Michigan Business Tax with a 6 percent corporate income tax; eliminate several corporate tax breaks and subsidies; repeal a gradual cut in the personal income rate from 4.25 percent to 3.95 percent; scale-back the current income tax exemption for pension income; replace the Earned Income Tax credit with a $25 per child payment to low income parents eliminate or reduce other income tax deductions and credits including the homestead property tax credit, personal exemption and dependent child credit; and make many other tax code revisions. For details see House Fiscal Agency analysis.

With the recommendation that the bill pass.

To adopt a version of the bill that cuts but does not eliminate the Earned Income Tax Credit, and which allows the recipients of some corporate subsidies granted in the form of "assignable" tax credits to "sell" these back to the state for 90 cents on the dollar.

To tie-bar the bill to Senate Bill 117, meaning this bill cannot become law unless that one does also does. SB 117 would require elected state officials to file personal financial disclosure statements.

To leave in place the current income tax exemption on all income from government pensions and some income from private sector pensions.

To leave in place for persons age 67 and above the current income tax exemption on all income from government pensions and some income from private sector pensions.

The vote stripping out repeal of the income tax pension exemption.

To not repeal a $1,800 tax exemption for individuals who have a dependent age 65 or above living in the household.

To not repeal a certain income tax deduction for dividend, interest and capital gain income earned by senior citizens.

To strip out a provision that cuts the Earned Income Tax Credit by 70 percent.

To strip out a provision that cuts the Earned Income Tax Credit by 70 percent.

To not repeal the income deduction for certain charitable donations.

To not repeal an income tax deduction for IRA money withdrawn and used for certain college expenses.

To not repeal an income tax exemption for certain unemployment insurance benefit income.

To not repeal a certain income tax deduction for child care expenses.

To repeal certain corporate tax breaks for money invested in certain businesses approved by state economic development officials.

To not reduce the homestead property tax credit individuals may claim against their income tax liability.

To prospectively repeal a provision exempting from income tax the pension income of government employees, if a court rules that this violates the constitution.

To let stand a parliamentary ruling that Senators who might benefit from certain tax cuts in the bill must decide for themselves whether voting for it would be a conflict of interest.

To replace the Michigan Business Tax with a 6 percent corporate income tax; eliminate several corporate tax breaks and subsidies; repeal a gradual cut in the personal income rate from 4.25 percent to 3.95 percent; scale-back the current income tax exemption for pension income; reduce the Earned Income Tax by 70 percent, eliminate or reduce other income tax deductions and credits including the homestead property tax credit, personal exemption and dependent child credit; and make many other tax code revisions.

To give the bill immediate effect.

To give the bill immediate effect (a two-thirds majority is needed).

To concur with the Senate-passed version of the bill, which among other things cut rather than eliminated the state Earned Income Tax Credit for low income wage-earners.