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 There is some question as to whether the tax will be repealed prior to passage of the replacement as was the case of the repeal of the Single Business tax.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.