HOUSE BILL No. 6049


     September 16, 1998, Introduced by Rep. Profit and referred to the Committee on Tax Policy.


        A bill to amend 1975 PA 228, entitled

   "Single business tax act,"

   (MCL 208.1 to 208.145) by adding section 39c.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 39C.  FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 1998,

 2    A TAXPAYER MAY CLAIM A CREDIT AGAINST THE TAX IMPOSED BY THIS ACT

 3    EQUAL TO THE FOLLOWING PERCENTAGES OF THE TAXPAYER'S TAX LIABIL-

 4    ITY FOR THE TAX YEAR, WITHOUT REGARD TO THE CREDIT ALLOWED BY

 5    THIS SECTION, FOR ANNUALIZED REDUCTION FOR THE TAX YEAR IN ENERGY

 6    CONSUMPTION AT FACILITIES OWNED BY THE TAXPAYER AT WHICH THE TAX-

 7    PAYER CONDUCTS BUSINESS:

 8         (A) FOR A REDUCTION IN ENERGY CONSUMPTION OF AT LEAST 10%

 9    AND LESS THAN 20%, 3% OF TAX LIABILITY.

10         (B) FOR A REDUCTION IN ENERGY CONSUMPTION OF AT LEAST 20%

11    AND LESS THAN 30%, 6% OF TAX LIABILITY.


   06759'98                                                 RJA
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 1         (C) FOR A REDUCTION IN ENERGY CONSUMPTION OF AT LEAST 30%

 2    AND LESS THAN 40%, 9% OF TAX LIABILITY.

 3         (D) FOR A REDUCTION IN ENERGY CONSUMPTION OF AT LEAST 40%

 4    AND LESS THAN 50%, 12% OF TAX LIABILITY.

 5         (E) FOR A REDUCTION IN ENERGY CONSUMPTION OF 50% OR MORE,

 6    15% OF TAX LIABILITY.












































   06759'98          Final page.                            RJA