Official: State Liable For $9.4B In Tax Credits Through 2032The $9.4 billion estimate is $2.9 billion, or 45 percent, higher than estimates provided to legislators at a revenue-estimating meeting in January.
Official: 'Real' Cuts Needed After Shortfall Pegged At $289MState 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.
Gov. Snyder Prepares For Budget Cuts As Revenue Falls ShortThe shortfall of hundreds of millions of dollars is mostly being blamed on businesses cashing in tax credits at a higher rate than expected.
Health Reform Rollout: Today – 2018
House Panel To Debate Student Loan Tax CreditsA Michigan House panel is expected to debate a bill that would provide tax credits for student loan payments.
Jackson Hewitt's Top 5 Tax Moves To Make By December 31According 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.
State Democrats' Plan Would Offer Help To Small BizInstead 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.
Snyder: Simpler Biz Tax Already Creating Jobs
Richardville: Spielberg Film May Be Shot In MichiganCould one of Hollywood's most celebrated filmmakers have his eyes on Michigan for his next project?
New Basketball Flick Approved For Film IncentivesThe movie "Gametime" is expected to shoot in Metro Detroit, Ann Arbor and East Lansing.
MEGA OK's Incentives For $77M In New InvestmentsThe Michigan Economic Growth Authority Tuesday approved tax credits for four brownfield redevelopment projects and a High Technology MEGA tax credit for projects expected to generate $77.3 million in new investment and 275 direct jobs.