Loading chat...

MI HB6264

Bill

Official Source

Status

Introduced

6/15/2010

Primary Sponsor

Paul Opsommer

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Adds Section 402 to the Michigan Business Tax Act (2007 PA 36) to restrict refundable tax credits for businesses in renaissance zones.

  • Prohibits businesses located and conducting business activity within a renaissance zone from receiving refunds for any tax credits that exceed their actual tax liability for the tax year.

  • Applies to taxpayers subject to taxes under both Chapter 2A and Chapter 2B of the act.

  • Becomes effective upon enactment of this amendatory act.

Legislative Description

Michigan business tax; credit; refundable tax credits for taxpayers located in a renaissance zone; prohibit. Amends 2007 PA 36 (MCL 208.1101 - 208.1601) by adding sec. 402.

Michigan business tax, credit

Last Action

Printed Bill Filed 06/16/2010

6/16/2010

Committee Referrals

Tax Policy6/15/2010

Full Bill Text

No bill text available