How did they Vote on the Michigan Tax Plan

How did northern Michigan Representatives vote last week on the Tax Plan.

District                                                                  Vote
101            Ray A. Franz                                  Y
102           Phil Potvin                                      Y
103           Bruce R. Rendon                           Y
104           Wayne A. Schmidt                        Y
105           Greg MacMaster                           Y
106           Peter Pettalia                                 Y
107           Frank Foster                                   Y
If you get a chance to see them in the district thank them for voting out the Michigan Business Tax.  The most complicated, unfair tax on businesses in Michigan.  You can also contact the office by clicking HERE.

Tax Reform Bills move to State Senate

This week the State Senate will review the series of tax reform bills that passed the State House last week.  The question will be how different will the senate bills look from the house bills.  Most insiders believe they will have differences that will need to be worked out in conference committee.  That meeting most likely will not take place until after the May 16th release of the revenue projections for the remainder of 2011 and start of 2012.

New article resource

The Detroit News

State House Approves Tax Plan

The Michigan State House approved the tax plan Thursday afternoon on a 56-53 vote.  The plan replaces the Michigan Business Tax (MBT) with the 6 percent corporate tax that Governor Snyder proposed in February.   The new tax plan also freezes the current income tax rate at 4.35%, eliminates the Earned Income Tax Credit(EITC) and the film credits.  It also eliminates the exemption for pensions based on a sliding scale those above 67 will not pay, 60-66 pay less and under 60 would pay the same income tax rate as others over several different income level caps.

The House bill now moves to the senate where further discussion on the pension tax portion is expected.

You can read House Bill 4361 legislation Here.

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