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Honigman explains Michigan Business Tax at Lansing Regional Chamber Seminar

February 28, 2008

Honigman Miller Schwartz and Cohn LLP (Honigman), a Michigan business law firm, recently provided Michigan business owners useful information needed to navigate the new Michigan Business Tax (MBT) as part of the Lansing Regional Chamber of Commerce's Bottom Line Breakfast series.

"This tax marks whole new territory for the state," said June Summers Haas, partner with Honigman's Tax Appeals department and co-presenter. "From determining your gross receipts to checking on your business' personal property classification, it's crucial that Michigan-based businesses get educated on the tax's nuances to find out how it will affect their bottom line."

Haas and Mark Hilpert, Honigman's Tax and Economic Incentive Manager, are frequently sought out for comment on the legislative process pertaining to the MBT by the media and business groups. Both co-presented at the event, providing attendees with valuable insight on the MBT and the new MBT surcharge.

As a supplement to their event remarks and ongoing counsel to clients, Honigman will soon be releasing their second edition guidebook, A Roadmap to Business Success in Michigan, offering practical insights on a multitude of business and tax laws, including the MBT and hard-to-find business incentives and tax savings. Books are complimentary and can be requested through Mark Hilpert at 1-800-970-7555 x3727 or mhilpert@honigman.com.

Honigman's experienced lawyers in the Tax Appeals Department have achieved substantial tax savings for hundreds of corporate and business clients.  The attorneys represent businesses in property tax appeals, state tax litigation, and real estate transaction planning; they also negotiate tax credit and other incentive packages with state and local governmental entities.