Michigan Business Tax Resource Center

On June 28, 2007 the Legislature passed the new Michigan Business Tax (MBT) that dramatically changes the way businesses are taxed in Michigan.

The five-bill package, signed by Governor Jennifer Granholm on July 5, 2007, replaces the previously repealed Single Business Tax with a unique double levy of a net income tax and a modified gross receipts tax, while providing some personal property tax relief and enhancing the number of available tax credits. While the bills are highly detailed, some issues were left undefined and may cause implications for many taxpayers.

We will continue to monitor efforts regarding the implementation of the tax, preparation of necessary forms and taxpayer information, as well as efforts to prepare technical amendments.

• Michigan Business Tax Act, approved by Governor Granholm 7/5/07
• Michigan Legislative Analysis passed by the Senate 5/9/07
• Michigan Legislative Analysis as Enrolled 7/2/07
• Michigan Senate Fiscal Analysis - Revised Floor Analysis 6/29/07
• Michigan Senate Fiscal Analysis - Enrolled Summary 6/29/07
• Michigan Chamber Statement 6/28/07
• Michigan Business Tax Outline 6/25/07

Click here for additional information on Senate Bill 0094 (2007).

Click here for the Michigan Department of Treasury's MBT information page, including forms and Frequently Asked Questions.