MI HB5202 | 2019-2020 | 100th Legislature
Status
Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on November 6 2019 - 25% progression, died in committee
Action: 2019-11-07 - Bill Electronically Reproduced 11/07/2019
Pending: House Tax Policy Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on November 6 2019 - 25% progression, died in committee
Action: 2019-11-07 - Bill Electronically Reproduced 11/07/2019
Pending: House Tax Policy Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Individual income tax; deductions; deduction for sale of businesses to employees or conversion to an employee-owned business; create. Amends secs. 30 & 623 of 1967 PA 281 (MCL 206.30 & 206.623).
Title
Individual income tax; deductions; deduction for sale of businesses to employees or conversion to an employee-owned business; create. Amends secs. 30 & 623 of 1967 PA 281 (MCL 206.30 & 206.623).
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-07 | House | Bill Electronically Reproduced 11/07/2019 |
| 2019-11-06 | House | Referred To Committee On Tax Policy |
| 2019-11-06 | House | Read A First Time |
| 2019-11-06 | House | Introduced By Representative Joseph Tate |
Subjects
Michigan State Sources
| Type | Source |
|---|---|
| Summary | https://legislature.mi.gov/doc.aspx?2019-HB-5202 |
| Text | https://legislature.mi.gov/documents/2019-2020/billintroduced/House/htm/2019-HIB-5202.htm |
