Single Business Tax (SBT) Elimination Advances in Michigan Senate June 23, 2005 Chris Atkins Chris Atkins The Michigan Senate Finance Committee recently reported SB 633 to the full Senate. This bill would phase out the state’s Single Business Tax (SBT)–the only modified value added tax (VAT) in the United States–over a period of 18 years from 2007 to 2025. We recently released a Fiscal Fact which showed that Michigan could significantly improve its business climate by eliminating the SBT. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Michigan