Introduced
by
To eliminate a provision in current law that postpones an annual one-tenth percent Single Business Tax (SBT) cut if the balance in the Budget Stabilization Fund (BSF, or “rainy day fund”) falls below $250 million. See House Bill 4354 for more details. This is part of a package comprised of House Bills 4969 to 4974, which contain the tax cut portions of Gov. Jennifer Granholm’s SBT revision proposal, but not the tax increases that make the governor’s proposal revenue-neutral. See House Bill 4354 for more details.
Referred to the Committee on Tax Policy
