SB-0928, As Passed House, December 12, 2007

SUBSTITUTE FOR

SENATE BILL NO. 928

A bill to amend 1979 PA 72, entitled

"An act to require the governor to report certain tax information

with the annual budget message to the legislature,"

by amending section 3 (MCL 21.273), as amended by 2003 PA 38.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 3. (1) ~~The~~ For fiscal years ending before January 1,

2008, the governor shall report the following compiled pursuant to

the single business tax act, 1975 PA 228, MCL 208.1 to 208.145:

(a) Amount of capital investment write off for real and

personal property separately by size of final liability of

taxpayer.

(b) Amount of business loss by size of final liability of

taxpayer.

(d) Number of taxpayers filing under the gross receipt

limitation provided by section 31(2) of the single business tax

act, 1975 PA 228, MCL 208.31, and amount of tax foregone.

(e) Number of taxpayers filing under section 31(4) of the

single business tax act, 1975 PA 228, MCL 208.31, and amount of tax

foregone.

(f) Number of taxpayers claiming the basic exemption under

section 35(1)(a) of the single business tax act, 1975 PA 228, MCL

208.35, and amount of tax foregone.

(g) Number of taxpayers filing for the added exemption for

partnerships as provided in section 35(1)(a) of the single business

tax act, 1975 PA 228, MCL 208.35, and amount of tax foregone.

(h) Number of claimants and amount of tax foregone under

section 35(1)(e) of the single business tax act, 1975 PA 228, MCL

208.35.

(i) Number of claimants and amount of tax foregone under

section 35(1)(f) of the single business tax act, 1975 PA 228, MCL

208.35.

(j) Number of claimants and amount of tax foregone under

section 35(1)(h) of the single business tax act, 1975 PA 228, MCL

208.35.

(k) Number of claimants by size of final liability and amount

of tax foregone under section 36 of the single business tax act,

1975 PA 228, MCL 208.36.

(l) Number of claimants by size of final liability and amount

of tax foregone under section 37 of the single business tax act,

1975 PA 228, MCL 208.37.

(m) Number of claimants by size of final liability and amount

of tax foregone under section 38 of the single business tax act,

1975 PA 228, MCL 208.38.

(n) Number of claimants by size of final liability and amount

of tax foregone under section 39(1) of the single business tax act,

1975 PA 228, MCL 208.39.

(o) Other deductions or credits as provided by law.

(2) For fiscal years beginning on and after January 1, 2008,

the governor shall report the following compiled pursuant to the

Michigan business tax act, 2007 PA 36, MCL 208.1101 to 208.1601:

(a) Amount of capital investment write-off for real and

personal property separately by size of final liability of

taxpayer.

(b) Amount of business loss by size of final liability of

taxpayer.

(d) Number of taxpayers claiming an exemption under section

207 of the Michigan business tax act, 2007 PA 36, MCL 208.1207, and

amount of tax foregone.

(e) Number of claimants by size of final liability and amount

of tax foregone under section 417 of the Michigan business tax act,

2007 PA 36, MCL 208.1417.

(f) Number of claimants by size of final liability and amount

of tax foregone under sections 403, 405, 421, 422, and 425 of the

Michigan business tax act, 2007 PA 36, MCL 208.1403, 208.1405,