June 29, 2007

MBT Analysis

Yesterday the conference committee on SB 94 - the Michigan Business Tax -
met, and without discussion, signed the conference report on SB 94. That
afternoon and evening, the House and Senate both passed the bill on to the
governor for her expected signature. The bill was either an up or down vote
with no amendments allowed as it was a conference report.

This issue progressed extremely quickly, with the details emerging on the
bill on Tuesday morning and passage on Thursday. The bill favors
manufacturers and smaller businesses located in the state and MRA was
opposed to the bill as it was a modified gross receipts bill which hurts
lower profit margin businesses such as retail.

An analysis from the floor is downloadable here as a pdf file (92K), as the
full 159 page document is not yet available electronically.
Once this is available, it will be sent to you via e-mail attachment.

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KEY BILL INTRODUCTIONS:

No Bill to Introduce at this Time.

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If you would like to receive Capitol F@cts via e-mail, please contact Kathleen Wilson at 517.372.5656 or
kawilson@retailers.com.

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For back issues of online Capitol F@cts, visit MRA's main Capitol F@cts page.

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Specific comments or questions regarding this bulletin should be directed to:
Kathleen Wilson, Administrative Assistant to the Governmental Affairs Office at
kawilson@retailers.com.
Michigan Retailers Association
603 South Washington Avenue
Lansing, MI 48933
517.372.5656
Toll-Free: 800.366.3699
Fax: 517.372.1303
govt_affairs@retailers.com
www.retailers.com
www.mallofmichigan.com