Blog tagged as Taxation

A conversation-starter proposal to raise the state’s 6 percent corporate income tax (CIT) to 10 percent with the additional revenue going to give public school teachers an estimated $20,000-a-year raise was circulated on the House floor today for co-sponsorship.

Michigan businesses are expected to pay sales taxes off the value of their credit card surcharges that come with their customers' purchases, according to an article published in the Department of Treasury's newsletter this month.

A coalition of clean water advocates Monday called on legislators to "slow down" and do some additional work on SB 237 and SB 238, which provide use and sales tax exemptions for mega-sized data centers, and which advocates say should be amended to require full reliance on renewable energy sources.

A pilot project would be launched to test how to assess vehicle fees based on miles traveled, under a provision added to the Senate and House's proposed transportation budgets Wednesday afternoon.

Short-term rentals would have to pay a 6% excise tax under legislation that received testimony in the House Local Government and Municipal Finance Committee Wednesday.