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Thursday, February 09, 2006

Oakland Exec Launches SBT Repeal Effort

The Detroit Free Press reports that Oakland County Executive L. Brooks Patterson called for a repeal of Michigan's Single Business Tax (SBT) last night in his State of the County address. He is leading a drive to raise $800,000 to fund a petition drive to get the SBT repeal on the November ballot. The tax raises $1.8 billion annually for the state, but is not a favorite of businesses as they must pay portions of it even when they don't make money. Gov. Granholm has said she is willing to look at any proposal that will help make the state more competitive as long as it includes a way to make up lost revenues.

Also see Patterson's State of Oakland County: Help me put single-business tax on state ballot — to kill it from Crain's Detroit Business
Visit the Repeal the Single Business Tax web site

Read More (external link) »

# posted by farlane @ 9:53 AM
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