In yesterday's House hearing, the Treasury Inspector-General was asked if he could list which organizations had been targeted by the IRS for delayed approval or harassing questions. He replied that he could not make that...
- The Tax Policy Blog
- Michigan Governor Signs Business Tax Changes
Michigan Governor Signs Business Tax Changes
Yesterday, Michigan Governor Rick Snyder (R) signed into law a business tax reform that replaces the state's troublesome MBT gross receipts tax with a 6% corporate income tax. (For more on why gross receipts taxes are economically destructive, see here and here.) The Michigan bill also subjects pension income to the state's individual income tax.
We reviewed the details in the plan here.
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