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Nov 5, 2005

Promotion - USA - To create jobs, state cuts taxes

Detroit,Mich,USA -Detroit Free Press, by CHRIS CHRISTOFF -Nov 5, 2005: -- Manufacturers and other businesses would pay no personal property taxes for a year on jobs and equipment that they move to Michigan from other states, under a sweeping agreement announced Friday between Gov. Jennifer Granholm and Republican lawmakers to cut business taxes and create jobs over the next decade... The 100% business tax credit -- part of an overall $1.1-billion tax reduction plan -- aims to stanch the loss of jobs from Michigan that's reached alarming levels with the recent bankruptcy filing by Delphi Corp...

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