Agreement Reached On New Michigan Business Tax

LANSING - June 13, 2007 - Governor Jennifer M. Granholm, Senate Majority Leader Mike Bishop, and House Speaker Andy Dillon today said they have reached an historic agreement on a new Michigan Business Tax (MBT) to replace the Single Business Tax (SBT) that will expire at the end of the year. The new Michigan Business Tax will make Michigan's business climate competitive, serving as a tool to attract jobs and job providers.