Snyder's tax plan hits big firms hardest detnews.com The Detroit News
"Gov. Rick Snyder wants to kill the Michigan Business Tax and replace it with a 6 percent corporate income tax that would be applied mostly to larger Michigan companies and include an exemption for small businesses, according to a draft law obtained Friday by The Detroit News.
The proposal got mostly positive reviews from employers, but certain companies such as large manufacturers and insurance companies say they could face a tax increase under the plan.
At the same time, Snyder is expected to significantly cut back targeted tax credits such as those received by the film industry and paid to industry by the Michigan Economic Growth Authority"
A VERY good start!
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