The New Michigan Business Tax - Itemized for Suppliers
To: OESA Members and Guests
From: Neil De Koker, President and CEO, OESA
REGISTER TODAY FOR The New Michigan Business Tax - Itemized for Suppliers
This session presents an opportunity for management and finance executives from supplier companies to learn key aspects of the new Michigan Business Tax (MBT).
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The New Michigan Tax - Itemized for Suppliers
"The Replacement of the Single Business Tax"
August 28, 2007
7:30 a.m. - 8 a.m.
8 a.m. - 11:15 a.m.
Registration and Continental Breakfast
ProgramThe Townsend Hotel
One Hundred Townsend Street
OESA invites members and guests to attend "The New Michigan Business Tax – Itemized for Suppliers," Aug. 28, 2007 at The Townsend Hotel, Birmingham, Mich. The session presents an opportunity for management and finance executives from supplier companies to learn key aspects of the new Michigan Business Tax (MBT).
Virtually all business incentive programs from the Single Business Tax Act (SBT) have been included in the MBT, according to June Summers Hass, partner, and Mark Hilpert, tax and economic incentive manager, Honigman Miller Schwartz and Cohn LLP. Haas and Hilpert, members of the Honigman investment incentives and tax savings group, will lead the seminar designed specifically for automotive suppliers.
Mitchell Bean, director, Michigan House Fiscal Agency and Donna Donovan, deputy treasurer, Michigan Department of Treasury, will provide a perspective on how automotive suppliers can leverage the new business tax signed into law July 12, 2007. The session will conclude with an interactive panel discussion among speakers.
Credits that continue with the new tax include the MEGA Employment, Renaissance Zone, Brownfield and Historic Rehabilitation. In addition, suppliers that have unused credits when the SBT expires at the end of 2007, will, in most cases, be able to apply the credit against future MBT liability in 2008. Suppliers should also be aware; however, the new law provides for claw-back or recapture provisions for credits that had such provisions in the SBT.
Other incentive related credits preserved in the new tax include Investment Tax, Start-Up Business, Alternative Energy and Early Stage Venture Capital Investment. New MBT credits include R&D, Entrepreneurial and Personal Property Tax.
For questions regarding registration, contact Keiyania Mann at 248.952.6401 ext. 236 or email@example.com. For more information regarding the program, contact John Chalifoux at 248.952.6401 ext. 233 or firstname.lastname@example.org.
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