What is different:
The MBT shifts some of the burden away from manufacturers and onto the fast-growing service sector, which includes insurance companies, restaurants, travel agencies, and accounting firms. The MBT relies more on a firm's profits to calculate taxes.
In addition, the MBT significantly cut the personal property tax on equipment that businesses paid under the SBT. That helped manufacturers and large commercial businesses.
Got Questions About The MBT?
Business owners with questions about the MBT can e-mail them to email@example.com
Taxpayers can also get more information at: http://tinyurl.com/yobj48.............
Detroit Free Press