HOUSE BILL No. 6172


     November 30, 2000, Introduced by Reps. Bisbee, Cassis, Rocca and Voorhees and referred to the Committee on Tax Policy.


        A bill to amend 1975 PA 228, entitled

   "Single business tax act,"

   (MCL 208.1 - 208.145) by adding section 31e.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 31E.  (1) ON THE NINTH JANUARY 1 FOLLOWING DECEMBER 31,

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      2000 FOR WHICH THE CONDITIONS UNDER SECTION 31(5) ARE MET, THE

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      RATE IMPOSED UNDER SECTION 31 AND ADJUSTED UNDER THIS ACT SHALL

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      BE REDUCED BY 0.2 PERCENTAGE POINTS.  ON THE TENTH JANUARY 1 FOL-

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      LOWING DECEMBER 31, 2000 FOR WHICH THE CONDITIONS UNDER SECTION

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      31(5) ARE MET, THE RATE IMPOSED UNDER SECTION 31 AND ADJUSTED

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      UNDER THIS ACT SHALL BE REDUCED TO ZERO.

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           (2) THE DEPARTMENT SHALL ANNUALIZE THE RATE UNDER THIS SEC-

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      TION AS NECESSARY, AND THE APPLICABLE ANNUALIZED RATE SHALL BE

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      IMPOSED.




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           Enacting section 1.  This amendatory act does not take

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      effect unless the following bills of the 90th Legislature are

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      enacted into law:

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           (a) House Bill No. 4590.

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           (b) House Bill No. 4593.

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           (c) Senate Bill No. _____ or House Bill No. 6170 (request

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      no. 03589'99 *).

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           (d) Senate Bill No. _____ or House Bill No. 6171 (request

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      no. 03590'99 *).






































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