Day: May 12, 2011

Houses Concurs with Senate on Tax Bill

The State House concurred with the Senate and has sent the Tax Bill that removes the Michigan Business Tax.  This agreement now sends the bill to the Governor for his signature. The removal of the MBT creates a new system that is understandable and…

Senate Passes Tax Bill

The State Senate has passed its version of the Tax Bill.  Just like the House it freezes the income tax rate at 4.35%, it includes replacing the Michigan Business Tax with a 6 percent corporate income tax, it removes the exemptions on pensions using…

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