2021 House Bill 4288

Revise business tax levies on S-type corporations

Introduced in the House

Feb. 23, 2021

Introduced by Rep. Mark Tisdel (R-45)

To authorize an alternative method that businesses defined as “flow through entities” can use to calculate their Michigan income tax liability, so as to mitigate the loss of certain federal credits and deductions changed by the 2017 federal tax cut and reform law.

Referred to the Committee on Tax Policy

April 28, 2021

Reported without amendment

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

May 13, 2021

Passed in the House 88 to 18 (details)

Received in the Senate

May 18, 2021

Referred to the Committee on Finance

May 27, 2021

Reported without amendment

With the recommendation that the bill pass.

June 23, 2021

Passed in the Senate 29 to 6 (details)

To authorize an alternative method that businesses defined as “flow through entities” can use to calculate their Michigan income tax liability, so as to mitigate the loss of certain federal credits and deductions changed by the 2017 federal tax cut and reform law.

Vetoed by Gov. Gretchen Whitmer

July 13, 2021

Received in the House

July 21, 2021

Referred to the Committee on Tax Policy