MBT Impact Assessment Subcommittee hears testimony from northern Michigan business owners
LANSING — Business owners from across northern Michigan testified before the Senate MBT Impact Assessment Subcommittee Monday on ways to improve the state’s new Michigan Business Tax.
“Michigan’s economy depends on small and medium-sized businesses,” said subcommittee chair Sen. Mark Jansen, R-Gaines Township. “If the state’s job providers are enduring a greater tax burden under the MBT, we need to remove the unintended consequences.”
The MBT replaced the widely despised Single Business Tax last year. Since the inception of the new tax, the Finance Committee has listened to copious testimony that the tax is unduly harming small businesses.
“I’m glad that Senator Jansen and the rest of the subcommittee were able to come to Gaylord and hear from northern Michigan business owners,” Stamas said. “I hope that today’s hearing was able to shed light on the improvements needed to make the MBT more fair and equitable.”
Jansen was selected to chair the MBT Impact Assessment Subcommittee by Senate Finance Committee Chair Nancy Cassis, R-Novi. Other members of the bipartisan subcommittee include Sens. Jud Gilbert, R-Algonac, and Michael Prusi, D-Ishpeming.
“To make improvements to the MBT we need input from the business owners dealing with the new tax,” Gilbert said. “Today we heard suggestions directly from the individuals on the frontline who understand what changes are necessary.”
Recommendations will be made to the Senate Finance Committee by June 1.
Posted: Monday, May 19, 2008
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