News: Provisions that limit a company's use of deductions or "losses." Other states allow the use of losses; this proposal is counterproductive to the goal of making Michigan more competitive, and encouraging investment and job growth.
* Making a 100 percent SBT sales factor dependent upon tax increases on staffing companies is bad policy and unfair to both manufacturers and staffing companies. Changes to the tax treatment of staffing companies should be debated separately.
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"The Michigan Chamber supports tax relief for manufacturers and small business, Michigan should provide meaningful SBT relief for all taxpayers now," said Rich Studley, Executive Vice President of the Michigan Chamber. "While we appreciate the attempt to reach a compromise, we encourage legislators and the Governor to work toward strengthening the proposal, by accelerating the tax relief and eliminating the tax increases," Studley concluded.
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