2013 House Bill 5008 / 2014 Public Act 13

Revise business income tax details

Introduced in the House

Sept. 25, 2013

Introduced by Rep. Aric Nesbitt (R-66)

To revise the details of certain definitions in the business income tax law. The bill affects the "apportionment" of certain income earned in other states, and the deductibility of losses in certain situations where a firm acquires another corporation.

Referred to the Committee on Tax Policy

Oct. 23, 2013

Reported without amendment

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

Oct. 31, 2013

Substitute offered

The substitute passed by voice vote

Nov. 7, 2013

Passed in the House 109 to 0 (details)

Received in the Senate

Nov. 12, 2013

Referred to the Committee on Finance

Jan. 21, 2014

Reported without amendment

With the recommendation that the bill pass.

Feb. 13, 2014

Passed in the Senate 38 to 0 (details)

To revise the details of certain definitions in the business income tax law. The bill affects the "apportionment" of certain income earned in other states, and the deductibility of losses in certain situations where a firm acquires another corporation.

Signed by Gov. Rick Snyder

Feb. 25, 2014