November 29, 2007, Introduced by Senator OLSHOVE and referred to the Committee on Finance.
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.
(c) Amount of carryforward 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.
(c) Amount of carryforward 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 421, 422, and 425 of the Michigan
business tax act, 2007 PA 36, MCL 208.1421, 208.1422, and 208.1425.
(g) Number of claimants by size of final liability and amount
of tax foregone under section 413 of the Michigan business tax act,
2007 PA 36, MCL 208.1413.
(h) Other deductions or credits as provided by law.