The $9.4 billion estimate is $2.9 billion, or 45 percent, higher than estimates provided to legislators at a revenue-estimating meeting in January.
State revenue is $289 million short of projections in the current budget and $527 million below expectations for next year – largely because of large companies cashing in tax credits.
The shortfall of hundreds of millions of dollars is mostly being blamed on businesses cashing in tax credits at a higher rate than expected.
While many Americans are aware of the Affordable Care Act (ACA) and what may be in store in the near future, some are unaware of the longer term provisions still to come. Below is a […]
A Michigan House panel is expected to debate a bill that would provide tax credits for student loan payments.
According to Jackson Hewitt Tax Service, year-end is an ideal time to lower your 2011 tax liability and increase the size of your refund when tax time arrives early in 2012.
Instead of giving tax breaks to just big businesses, a group of house Democrats are proposing a plan to help small businesses propel Michigan’s economy.
Gov. Rick Snyder Monday defended his decision to do away with most state tax breaks and said his simplified business tax code is already paying dividends in new jobs. Snyder’s remarks came at Michigan Emerging, […]
Could one of Hollywood’s most celebrated filmmakers have his eyes on Michigan for his next project?
The movie “Gametime” is expected to shoot in Metro Detroit, Ann Arbor and East Lansing.