Absolute Michigan's Michigan Blog
 
Wednesday, December 14, 2005

Legislature Approves Tax Cut, Welfare Changes

The Detroit News reports that state lawmakers and Gov. Granholm struck a deal on a $600 million tax relief package for Michigan's manufacturers Tuesday. The newly passed plan revises the single business tax over a three-year period so that it's less of a penalty on a company's payroll because the tax levy would be almost completely based on its sales. The Visteon-Delphi tax break will be reworked to give the companies more incentive to keep plants in Michigan. Also under the new plan, General Motors, Ford and DaimlerChrysler qualify for the same two-year tax exemption as out-of-state companies bringing new jobs to Michigan. The legislature also made major reforms to state welfare laws.

Read Granholm: Diverse economy would still include auto industry, personal property taxes must be cut from Crain's Detroit Business

Read More (external link) »

# posted by farlane @ 9:20 AM
Comments: Post a Comment

Links to this post:

Create a Link



<< Home
Click to subscribe to Dig Michigan blog from Absolute Michigan: >Click to Subscribe to the Absolute Michigan blog feed
Click to subscribe to the Michigan Blog: >Click to Subscribe to the Absolute Michigan blog feed

LCI Web Development
Leelanau Communications, Inc. provides web development and internet consulting for businesses and nonprofit organizations. We have created over 400 web sites and are experience in deploying web technologies to integrate with the way you do business. We made this site and can make yours too!

Add a Link
Sponsorship
About Absolute Michigan

Search Absolute Michigan

Arts & Entertainment :: Business :: Community :: Food & Dining :: Homes & Real Estate :: Lodging & Travel :: Media & Internet :: Recreation :: Shopping
Dig Michigan Blog :: Articles :: Michigan by County Map :: Search Michigan :: New Links :: Add a Link! :: About Us :: Michigan Pictures
Absolute Michigan :: Northeast Michigan :: Northwest Michigan :: Southeast Michigan :: Southwest Michigan :: Upper Peninsula

email: absolutemichigan@gmail.com :: webdesign by leelanau.com

© 2006 Leelanau Communications, Inc. All Rights Reserved.