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Contact Information:
Edward S. Kisscorni, CPA
290 Suncrest Court, SW
Grandville, MI 49418

Office: 616/233-0667
Cell: 616/443-6730
Fax: 616/233-0667




Monday, January 24 2011

Bills Introduced in the Michigan State House and Michigan Senate will Repeal the MBT and MBT Surcharge Right Away

Both the State House and Michigan Senate got off to a fast start by immediately introducing bills to repeal both the overly-complicated Michigan Business Tax (MBT) and the burdensome MBT surcharge. There is some question as to whether the tax will be repealed prior to passage of the replacement as was the case of the repeal of the Single Business tax.  Some in the Rick Snyder administration prefer having a replacement in place before repealing the MBT.  Also, some see a phase out of the MBT.  A lot of the questions shopuld be answered in mid february when the administration submits their two year budget to the legislature.


Key Bills Introduced:

House Bill 4001 and Senate Bill 6 - to repeal the MBT Surcharge

House Bill 4047 and Senate Bill 1 - to repeal the MBT

Posted by: Ed Kisscorni AT 10:20 am   |  Permalink   |  0 Comments  |  Email

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