Tax Policy & Finance

National Streamlined Sales Tax Program Administrator Presents to House Committee

Last week, Craig Johnson, Executive Director of the Streamlined Sales Tax Governing Board, was in Lansing to explain what the Streamlined Sales Tax Agreement, which Michigan entered into in 2005, means to our state and to the businesses that sell products here.

The Streamlined Sales Tax Governing Board was created to simplify and modernize sales and use tax administration in order to substantially reduce the burden of tax compliance. Michigan is one of 24 states that have adopted the simplification measures in the SST Agreement. 

Governor Proposes 45-Cent-Per-Gallon Tax Increase to Fix the Roads

In her first budget presented last week, Governor Whitmer proposed increasing the state's gas tax from $.26 per gallon to $.45 per gallon.  

The Michigan Chamber agrees that more investment is needed to fix the roads. Either the Governor and legislative leaders reallocate current spending, raise revenue or do a combination of both. Borrowing money to pay for the roads is irresponsible and doing nothing is simply not an option. 

Chamber Opposed to Job-Killing Tax Increase on Small Businesses

The Michigan Chamber today issued the following statement in response to Governor Whitmer's budget proposal to increase taxes on small business.  

"We want to be loud and clear on this," said Michigan Chamber President & CEO Rich Studley. "The Michigan Chamber strongly opposes a $280 million tax hike on small businesses and other job providers. Period." 

MI Chamber Issues Response to Gov. Whitmer's Budget Proposal to Fix the Roads

The Michigan Chamber of Commerce issued the following statement on behalf of Chamber President & CEO Rich Studley in response to Governor Whitmer’s budget proposal to fix Michigan’s roads. The Governor’s budget proposal for 2020 was submitted to members of the State House and Michigan Senate earlier today.

Good News! Expanded Small Business Personal Property Tax Relief Introduced

Two bills were introduced last week to expand the Small Business Personal Property Tax Exemption.

House Bill 4214 increases the PPT exemption from $80,000 to $100,000. Currently, businesses with less than $80,000 in personal property are exempt from the tax. The legislation would expand that exemption threshold by $20,000.

Chamber Voices Opposition to Bill Targeting Longstanding Property Valuation Principles

The Michigan Chamber of Commerce today issued the following statement in response to legislation (House Bill 4025) introduced today by State Representative Beau LaFave that would close the so-called “Dark Store Tax Loophole.” The Michigan Chamber has played a leadership role in its opposition to such attempts to alter how property is valued in Michigan. 

New Tax on Passthrough’s Moves Quickly Through Senate

Legislation that allows passthrough businesses to opt into a cost-saving tax structure is on its way to the House after swift passage by the Senate last week.

Senate Bill 1170 creates a new, optional tax on passthrough businesses, such as partnerships and S-corps. The intent of the bill is to allow these types of entities to opt into a tax structure that will allow them to fully deduct state and local taxes from their income at the federal level.