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single business tax

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Issue:

Social Issues

 

Written by:

Benjamin L

 

Date added:

November 16, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 340

 

Was viewed:

8264 times

 

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Essay content:

However, the phase-out has been paused for two years to allow the state budget to stabilize. (Detroitchamber.com). There are guidelines that they will have to follow if they decide to replace the SBT. Examples of this are: the governor and state legislature must agree, Small businesses under $350,000 in gross receipts should be exempt; the tax should go to the state, and many more...
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I guess it just confuses me a little. What I understand is that the house and senate both voted for it to be replaced, but Granholm vetoed the bill and said she would not agree to this unless someone else found a way to replace the revenue.
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