MICHIGAN SERVICE TAX REPLACEMENT DEAL REACHED AS DEADLINE PASSES

Hours of closed-door negotiations on Friday. November 30, between administration officials and legislative leaders finally resulted in an agreement to replace the expanded sales tax on services with a surcharge of 21.99 percent on a company's Michigan Business Tax assessment, with the accord reached shortly before the December 1 effective date for the services tax but the first vote to approve the measure coming some hours after the deadline

Gongwer News