The National Federation of Independent Businesses (NFIB) has published an updated tax calculator to help businesses figure out how their companies would fare under the proposed new business tax plans under discussion at the state capitol. Click here to download the NFIB calculator.
Last week, the House passed a business tax replacement plan (noted as the MBT2 plan on the tax calculator) that has been gaining significant momentum. It has received some cautious but favorable comments from the Michigan Chamber of Commerce.
“Feedback from MITA members is vital for us to engage in the debate on business taxes and lobby for the plan most beneficial to our membership,” said MITA Vice President Mike Nystrom.
MITA is looking for volunteers in the different disciplines including road building, underground, suppliers and services to help us determine what is the best tax plan for our membership.
If you run the calculations for your business, please e-mail Mike Nystrom or Keith Ledbetter and let them know of your results.
A more detailed explanation of the House-passed plan can be found by clicking here.
If you have any questions, please contact Mike Nystrom, Vice President of Government & Public Relations at mikenystrom@mi-ita.com or Keith Ledbetter, Director of Legislative Affairs at keithledbetter@mi-ita.com, or call the MITA office at (517) 347-8336.
