SBAM Launches Online Campaign to Rally Small Business Support for Repealing the Michigan Business Tax
March 18, 2011
The Small Business Association of Michigan (SBAM) kicked off an online campaign today to educate small business owners on Gov. Snyder’s efforts to repeal the Michigan Business Tax and rally support for the proposal. A website – www.sbam.org/MBT-RIP — gives small business owners a chance to sign an online petition, donate to the repeal effort, take a survey on the impact of MBT elimination and participate in a discussion forum. The association also set up an “MBT R.I.P” Facebook page.
“Supporters of Michigan’s tax system status quo have ferociously attacked Gov. Snyder’s tax and budget plan,” says SBAM President and CEO Rob Fowler. “We want to give small business owners the tools and information they need to fight back, help lawmakers bury the MBT and propel a new economic direction for Michigan.”
SBAM estimates that under the governor’s plan, over 95,000 companies will no longer have to file a state business tax return, ending a practice of double taxation for those companies that already pay tax on business profits under the individual income tax. The governor proposal also provides for investment in critical business and economic development by supporting Pure Michigan ($25 million), promoting business attraction and economic gardening ($50 million from the 21st Century Jobs Fund) and funding business attraction and retention ($50 million).