2011 House Bill 4940 / Public Act 311

Corporate Income Tax “cleanup” package

Introduced in the House

Sept. 13, 2011

Introduced by Rep. Jud Gilbert (R-81)

To make a number of clarifications, corrections or technical adjustments to provisions of the state income tax related to the taxation of businesses. The package consists of House Bills 4937 to 4968. This bill adds definitions for partnerships and publicly traded partnerships consistent with federal tax requirements.

Referred to the Committee on Tax Policy

Sept. 14, 2011

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Oct. 19, 2011

Motion by Rep. Jim Stamas (R-98)

To re-refer the bill to the Committee on Tax Policy.

The motion passed by voice vote

Referred to the Committee on Tax Policy

Dec. 7, 2011

Reported without amendment

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

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Dec. 8, 2011

Passed in the House 66 to 42 (details)

Received in the Senate

Dec. 13, 2011

Referred to the Committee on Finance

Dec. 15, 2011

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 38 to 0 (details)

To make a number of clarifications, corrections or technical adjustments to provisions of the state income tax related to the taxation of businesses. The package consists of House Bills 4937 to 4968. This bill adds definitions for partnerships and publicly traded partnerships consistent with federal tax requirements.

Signed by Gov. Rick Snyder

Dec. 27, 2011