Senate Passes $1 Billion Business Tax Cut Crain's Detroit Business reports that the Michigan Senate passed a plan yesterday to cut the state's single-business tax (SBT) by $1 billion over six years, starting with a $100 million SBT cut next year. To help pay for the cuts, the plan would institute $519 million in tax-policy changes, a tax-amnesty program, and would limit state spending growth to the rate of inflation plus 1%. Read State Senate passes $1 billion cut to SBT; plan also would limit state spending to inflation rate plus 1 percent from Crain's Detroit Business Posted/updated Oct 26, 2005 by Andrew McFarlane (Absolute Michigan) click to Send This Story to a Friend! Main Michigan News Page Go Back One Page

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