House Bill 5034 (Substitute H-1)
Sponsor: Rep. Kirk A. Profit
House Bill 4710 (Substitute H-3)
Sponsor: Rep. Nancy Cassis
Committee: Tax Policy
Complete to 6-2-98
A SUMMARY OF HOUSE BILL 5034 (SUBSTITUTE H-1) AND HOUSE BILL 4710 (SUBSTITUTE H-3)
The bills would amend the Income Tax Act to lower the rate from 4.4 percent to:
-- 4.325 percent after September 30, 1998 and before October 1, 1999;
-- 4.25 percent after September 30, 1999.
The two substitute bills are tie-barred to one another.
MCL 206.51 and 206.51b
Analyst: C. Couch