Description

Creates deduction for sale of businesses to employees or conversion to an employee-owned business.

Amending Language

Amends 1967 PA 281 by amending sections 30 and 623 (MCL 206.30 and 206.623), section 30 as amended by 2018 PA 589 and section 623 as amended by 2014 PA 13.

Categories

INDIVIDUAL INCOME TAX, Deductions

Introduced On

November 6, 2019

Primary Sponsor

Tate, Joe

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Bill History
11/6/2019Houseintroduced by Representative Joseph Tate
11/6/2019Houseread a first time
11/6/2019Housereferred to Committee on Tax Policy
11/7/2019Housebill electronically reproduced 11/07/2019
Documents
House Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes.
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