Nov 9, 2007 | Legislative
ACTION NEEDED: Legislators Look to Replace Service Tax with Increased MBT; Corporate Taxes Would Skyrocket 30% The House voted yesterday to eliminate the state’s controversial new service tax and replace it with a special 30-percent surcharge on the new Michigan...
Nov 8, 2007 | Legislative
On November 6 a bi-partisan coalition in the House easily overrode President George W. Bush’s veto of a bill that authorizes high-profile projects in Michigan. The Senate is expected to follow suit November 8. The House override vote was 361-54, with all 15 Michigan...
Nov 5, 2007 | Legislative
President Bush announced his long anticipated veto of legislation to authorize $23 billion for projects aimed at improving navigation, flood control, environmental restoration, water supply and storm damage reduction. The Water Resources Development Act (WRDA), H.R....
Nov 5, 2007 | Legislative
There has been significant discussion in recent days regarding the repeal of the new sales tax on services and adding an M.B.T. surcharge to offset the loss. As currently being discussed, such a proposal would have a disastrous effect on the entire construction...
Nov 2, 2007 | Legislative
This week Gov. Granholm signed the state transportation budget, after a month-long delay because of wrangling over general fund tax increases. As predicted by MITA over the past year, the state road and bridge program will see a sizeable $300 million – or 18 percent –...
Oct 26, 2007 | Legislative
Since the passage of the new Michigan Business Tax, many in the heavy construction industry have asked whether their construction equipment should be classified as industrial or commercial for purposes of personal property taxes and credits. The State Tax Commission...