NFIB Victories in Michigan!
Elimination of the Michigan Business Tax – $1.67 Billion Tax
Cut
After more than 36 years of double taxation and punitive tax
policy on small business, NFIB/Michigan was successful in leading the way to
repeal the confiscatory Michigan Business Tax (MBT) and replace it with a flat
rate Corporate Income Tax. As a result, businesses that are not “C”
type corporations will continue to pay their business tax through the state
income tax and will no longer have any tax liability under the old MBT. This
will end the “double taxation” that discourages many small businesses
from expanding and growing jobs and represents a net tax cut of $1.67 billion.
