- Posted October 27, 2011
- Tweet This | Share on Facebook
Tax clarification bill signed by governor
Gov. Rick Snyder yesterday signed cleanup legislation needed to clarify tax changes approved as part of the state budget agreement.
Under that agreement, businesses that previously qualified for tax credits under the old Michigan Business Tax have the option of continuing to pay taxes based on the MBT until the credits expire, or immediately switching to the new flat-rate Corporate Income Tax. House Bill 4947, sponsored by state Rep. Jud Gilbert, clarifies how to calculate taxes during the transition period. The bill also simplifies reporting requirements for the Michigan Economic Growth Authority Employment Tax Credit.
H.B. 4947 is now Public Act 209 of 2011. Details about the bill may be found online at www.legislature.mi.gov.
Published: Thu, Oct 27, 2011
headlines Oakland County
- Meet the Judges
- Phishing and Smishing and Skimming and Shimming: Nessel encourages public to watch out for common scams during NFL Draft
- 56 years later, bias case is closed: Hamtramck completes new housing
- Attorneys to explain new U.S. DOL rules
- Michigan employers, local partners spotlight Gov. Whitmer’s budget recommendations and benefits for Going PRO Talent Fund
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case