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SBT - February 1, 2007 Michigan Chamber's Business License Business Income Tax Introduced

February 1, 2007
The Michigan Chamber's replacement tax plan was introduced as Senate Bill 151 and referred to the Senate Finance Committee.  The plan would replace the SBT with a business license tax on gross receipts imposed at .48% and .24% for wholesale and retailers along with a business income tax imposed at 3.05%.  Details of the bill along with a link to the bill language appear below.