Some W MI businesses may be better off with new MBT

Governor Granholm says that 7 out of 10 Michigan businesse will get some tax relief with her proposed replacement of the SBT, and several West Michigan business owners agree. But while some businesses may carry a lighter tax load, others will shoulder a heavier burden.

According to excerpts from the story:

The Michigan Business Tax proposed to replace the much-maligned Single Business Tax is still not a done deal, but the framework unveiled by the state government is getting a nod of approval from some major business sectors in West Michigan.

Granholm said the proposed new business tax structure provides tax relief for more than seven out of 10 Michigan businesses and provides tax cuts to both small businesses and Michigan's major manufacturers.

Read the complete story here.

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