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Will You Add? - Michigan Lawmakers Abolish State Business Tax
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"Michigan is struggling, people are
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The Single Business Tax will be removed under the bill. This value-added tax currently generates $1.9 billion a year in revenues from the state. It will end on December 31, 2007.
House Speaker Craig DeRoche (R) said that the elimination is part of a broader plan to reform the tax structure of the state in an attempt to draw in more business.
"Michigan is struggling, people are l
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The Single Business Tax will be removed under the bill. This value-added tax currently generates $1.9 billion a year in revenues from the state. It will end on December 31, 2007.
House Speaker Craig DeRoche (R) said that the elimination is part of a broader plan to reform the tax structure of the state in an attempt to draw in more business.
"Michigan is struggling, people are
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House Speaker Craig DeRoche (R) said that the elimination is part of a broader plan to reform the tax structure of the state in an attempt to draw in more business.
"Michigan is struggling, people are
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House Speaker Craig DeRoche (R) said that the elimination is part of a broader plan to reform the tax structure of the state in an attempt to draw in more business.
"Michigan is struggling, people are
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"Michigan is struggling, people are losing their jobs and thousands of college grads are leaving our state," said DeRoche. "Reforming our business tax system is not only the right thing, it is the necessary thing to move our state in a new direction and brings jobs back to Michigan."
State GOP leaders say that Michigan's key business taxes aren't competitve with other states. A report bythe Anderson Economic Group specifically cited the Single Business Tax as the only state
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