LANSING – The Small Business Association of Michigan supports a legislative initiative announced Jan. 10 that?s aimed at improving Michigan?s tax and regulatory environment.
Legislative Republicans unveiled an agenda that includes lowering the alternative rate that small businesses pay on the Single Business Tax, prohibiting onerous ergonomic standards for businesses and providing businesses with assistance in dealing with the state Treasury.
?We believe that this package will help encourage small business expansion and job growth,? says SBAM President and CEO Rob Fowler. ?In 2005, small businesses were really left out of tax reform. It?s good to see lawmakers moving forward in the new year toward relieving the tax burden on the small companies that are responsible for almost all of the job growth that occurs in our state.?
In SBAM?s January ?Small Business Barometer? survey, 78 percent of small business owners say they pay ?too much? taxes. The survey, which in conducted every three months, also found that only 21 percent of small businesses report a positive view of Michigan?s regulatory environment.
Fowler says the scheduled 2009 repeal of the SBT remains important to small business, as does legislative action on fundamental business tax reform.
For more information, click on SBAM.Org
