HOUSE BILL No. 4714

 

June 11, 2015, Introduced by Reps. Runestad, Tedder, Glenn, Howrylak, Courser, Poleski, Hooker, Lucido, Vaupel, Lauwers, Webber, Forlini, Somerville, Victory, Leutheuser, McBroom, Irwin, Clemente, Aaron Miller, Barrett, Kesto, Cole, Potvin and Dianda and referred to the Committee on Tax Policy.

 

     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 2007 PA 170.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 3. (1) For fiscal years ending before January 1, 2008,

 

the governor shall report the following compiled pursuant to the

 

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

 

foregone.forgone.

 

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

 

single business tax act, former 1975 PA 228 , MCL 208.31, and

 

amount of tax foregone.forgone.

 

     (f) Number of taxpayers claiming the basic exemption under

 

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

 

, MCL 208.35, and amount of tax foregone.forgone.

 

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

 

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

 

tax act, former 1975 PA 228 , MCL 208.35, and amount of tax

 

foregone.forgone.

 

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

 

under section 35(1)(e) of the single business tax act, former 1975

 

PA 228. , MCL 208.35.

 

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

 

under section 35(1)(f) of the single business tax act, former 1975

 

PA 228. , MCL 208.35.

 

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

 

under section 35(1)(h) of the single business tax act, former 1975

 

PA 228. , MCL 208.35.

 

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

 

of tax foregone forgone under section 36 of the single business tax


 

act, former 1975 PA 228. , MCL 208.36.

 

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

 

of tax foregone forgone under section 37 of the single business tax

 

act, former 1975 PA 228. , MCL 208.37.

 

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

 

of tax foregone forgone under section 38 of the single business tax

 

act, former 1975 PA 228. , MCL 208.38.

 

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

 

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

 

tax act, former 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.forgone.

 

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

 

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

 

of the Michigan business tax act, 2007 PA 36, MCL 208.1403,

 

208.1405, 208.1421, 208.1422, and 208.1425.

 

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

 

of tax foregone forgone under section 413 of the Michigan business

 

tax act, 2007 PA 36, MCL 208.1413.

 

     (h) In a separate format, the number of claimants by size of

 

final liability and amounts of tax forgone for each of the

 

certificated credits described in section 107 of the Michigan

 

business tax act, 2007 PA 36, MCL 208.1107.

 

     (i) (h) Other deductions or credits as provided by law.