November 10, 2004, Introduced by Rep. Kolb and referred to the Committee on Tax Policy.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
by amending section 4a (MCL 208.4a), as added by 2003 PA 241, and
by adding section 81.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 4a. For tax years that begin after December 31, 2006,
2 compensation for purposes
of section 4(3) does not include 50%
3 of the following payments under health and
welfare and
4 noninsured benefit plans for the benefit of persons who are
5 residents of this state and payments of fees for the
6 administration of health and welfare and noninsured benefit plans
7 for the benefit of persons who are residents of this state paid
8 by the taxpayer in the
tax year: .
9 (a) For tax years that begin after December 31, 2006 and
10 before January 1, 2008, 50%.
1 (b) For tax years that begin after December 31, 2007, 100%.
2 Sec. 81. During the 2004-2005 state fiscal year, the
3 department shall examine the feasibility of imposing a tax, in
4 addition to the tax otherwise imposed under this act, on
5 employers that do not pay for health insurance for their
6 employees. On or before January 1, 2006, the department shall
7 provide a report of its determinations pursuant to this section
8 to the senate and house of representatives standing committees
9 for finance and taxation.