Introduced
by
To revise details of the former Michigan Business Tax – which some firms benefitting from selective state tax break/subsidy deals still file under – related to provisions on credits, gross receipts, tax base, income, and apportionment. In general, the bill would reduce the tax liability of certain firms.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 36 to 1 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To remove a provision adding "discharges of debt" to the definition of gross income used in the former MBT's tax liability formula.
The amendment passed by voice vote
Amendment offered
by
To allow a particular company to sell or "assign" a selective MBT tax break to another firm with MBT liability, in effect converting the first firm's tax break into a form of indirect grant.
The amendment passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 4461, meaning this bill cannot become law unless that one does also. HB 4461 would require politicians to file personal financial disclosure statements.
The amendment failed by voice vote
Amendment offered
by
To link this bill to House Bill 4520, which would allow no-reason absentee voting.
The amendment failed by voice vote
Amendment offered
by
To link this bill to House Bill 5361 which would establish comprehensive ethics standards and conflict of interest regulations for executive branch officials and employees.
The amendment failed by voice vote
Amendment offered
by
To link this bill to House Bill 5360 which would prohibit legislators and statewide officeholders from applying for or receiving during his or her term a grant from the state that is unrelated to holding.
The amendment failed by voice vote
Amendment offered
by
To revise an MBT detail related to "property stored in transit" and purchases to be picked up at the seller's location.
The amendment passed by voice vote
Passed in the House 109 to 0 (details)
To revise details of the former Michigan Business Tax – which some firms benefitting from selective state tax break/subsidy deals still file under – related to provisions on credits, gross receipts, tax base, income, and apportionment. In general, the bill would reduce the tax liability of certain firms.
Passed in the Senate 26 to 12 (details)
To concur with the House-passed version of the bill.
