By a vote of 37-26, the Senate passed the omnibus tax bill Tuesday, April 5th. The bill phases out the statewide business property tax; extends the local government aid reductions enacted last year and reduces property tax refunds for renters. The bill would reduce spending by $580 million for the coming biennium. (To view closed-caption video, select the Senate Floor Sessions tab on the left.) Comments from Deputy Majority Leader Geoff Michel, Minority Leader Tom Bakk, and Senate Tax Chair Julianne Ortman.
This article was published at Accounting Services of Charlotte, NC
Should we raise business taxes in California right now?
This article was published at Accounting Services of Charlotte, NC
“Hitting the reset button.” Michigan Governor Rick Snyder ends the unpopular Michigan Business Tax (MBT) replacing it with a flater, fairer and efficient system where most businesses pay only personal taxes while C-corporations pay a 6% tax that can be figured out on the back of an envelope. Lt. Gov. Brian Calley also speaks during the May 25, 2011 bill signing. For more, visit: www.michiganadvantage.org
This article was published at Accounting Services of Charlotte, NC
