Corporate Income Tax Hike

Introduced on 6/26/2019
Status: Assigned To Committee

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Summary

House Bill 4781 is a tax hike on Michigan’s small businesses that create thousands of jobs. This plan includes a 2.5 percent corporate income tax hike and a flow-through parity tax of 4.25 percent. Higher taxes on Michigan’s small businesses cause reductions in employee benefits, such as healthcare, kill the jobs we all depend on and also cause higher prices for consumers who buy the services and products supplied by the business.

Last Action

Referred to Committee on Tax Policy