1. Purpose Sec. 1. The purpose of this initiated law is to: (a) Repeal the single business tax on business activity in this state after December 31, 2007; and (b) Encourage the legislature to adopt a tax that is less burdensome and less costly to employers, more equitable, and more conducive to job creation and investment.
Mich. Comp. Laws § 208.151
Purpose
Applied in 3 court decisions — leading case 285 Mich. App. 504 - PNC National Bank Ass'n v. Department of Treasury (2009)
Most recently applied in 285 Mich. App. 504 - PNC National Bank Ass'n v. Department of Treasury (September 2009)
2006, Act 325, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.