Michigan S.B.T. Repeal Approved By Legislature
The initiated law (IL) moving up the repeal date by two years for the state’s single business tax was approved August 9 by the Legislature. It passed with solid Republican backing and a few Democratic votes in the House. The Senate approved IL 1, repealing the tax effective December 31, 2007, by a straight party-line vote of 22-16, with the House following a short time later with a 64-36 vote. Questions may be directed to the Michigan Association of CPAs Government Relations Department at (248) 267-3710.
The initiated law (IL) moving up the repeal date by two years for the state’s single business tax was approved August 9 by the Legislature. It passed with solid Republican backing and a few Democratic votes in the House. The Senate approved IL 1, repealing the tax effective December 31, 2007, by a straight party-line vote of 22-16, with the House following a short time later with a 64-36 vote. Questions may be directed to the Michigan Association of CPAs Government Relations Department at (248) 267-3710.
posted by Milt Baker CPA | 8:38 AM
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