Michigan Retail Hardware Association
Serving the Hardware, Home Center & Lumber Industry Since 1895.
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Michigan Business Tax

A five-bill package that would change the way businesses are taxed in Michigan was passed by the Senate and the House of Representatives on June 28, 2007.

MBT Explaniation

Facts at a Glance

The Michigan Business Tax Estimator requires Microsoft Excel.

MBT Estimator

STATE SETS UP WEBSITE ON NEW BUSINESS TAX

A new state website dedicated to the newly enacted Michigan Business Tax is now up and operating, and includes a 30-minute "webinar" to help walk individuals through the basic elements of the tax, officials with the Department of Treasury said on Monday.
 
Treasurer Robert Kleine said the site will be the best location to get information on the new tax, which replaces the Single Business Tax and takes effect on January 1.
 
The site is set at www.michigan.gov/mbt and along with the "webinar" includes basic information about the tax, as well as specific sections of the new tax law for review.
 
Not yet available, though officials hope it will be soon, is a tax estimating function on the website.
 
A tax estimator is available, though, through the National Federation of Independent Businesses website.
 
The site will be regularly updated with new information, Treasury officials said.
 
Meanwhile, state officials said Monday that any business that anticipates it will have a 2008 business tax liability of at least $800 will have to file quarterly estimated payments.   Payments under the new tax will be due on April 15, July 15, October 15, 2008 and January 15, 2009.

 
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