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TAX BREAK * USA - Michigan exempts truckers and auto parts sector from state tax
Toronto,ONT,CAN -Today's Trucking -9 Jan 2009: -- It was a long, hard fight, but Ontario trucking companies will not have to pony up extra funds to cover the punitive Michigan Business Tax (MBT)... Michigan Governor Jennifer Granholm today signed into law a bill exempting Canadian trans-border trucking companies and auto parts manufacturers that do not have a permanent establishment in the state from having to pay the punitive Michigan Business Tax (MBT)... According to the Ontario Trucking Association, the MBT, which is a gross receipts tax, could have cost Ontario trucking companies who operate into, out of or through the state around US$1,000 per truck per year had the bill not passed...
Labels: tax break
posted by Unknown @ 6:19 AM
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